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June 1 Introduced Capital of $95,000 June 2 Purchased goods on Credit from Smith & Co. for $8,000 June 3 Cash sales $320 June 5

June 1 Introduced Capital of $95,000

June 2 Purchased goods on Credit from Smith & Co. for $8,000

June 3 Cash sales $320

June 5 Sold goods on Credit to P. Jones for $700

June 6 Cash Purchases $300

June 8 purchased goods on Credit for Smith & Co. for $1,600

June 9 Paid Smith & Co. $7,000 by cheque

June 11 Paid wages $960 by cheque

June 12 Paid wages by cash $80

June 15 Sold goods on Credit to S. Roche for $1,600

June 17 S. Roche returned goods, $700

June 19 P. Jones paid $90 and was allowed $6 discount to clear his account

June 22 Paid light and heat by cheque $400

June 23 Purchased delivery van by cheque $8,000

June 25 S. Roche cleared his account and was allowed 5% discount

June 27 Paid wages by cheque $820

June 28 Cash sales $1,000

June 29 Drawings by cheque $450

June 30 Paid wages by cheque $820.

Required: Record these transactions in AccountingEquations.


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