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June 1: Byte of Accounting, Inc. received $32,710.90 in cash and computer equipment with a fair market value of $45,915.30 when Jeremy purchased 2,620 shares

June 1: Byte of Accounting, Inc. received $32,710.90 in cash and computer equipment with a fair market value of $45,915.30 when Jeremy purchased 2,620 shares of its common stock. The par value of the common stock was $0.01 per share. Write a Journal entry

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