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Laser Delivery Services, Incorporated (LDS). was incorporated January 1 The following transactions occurred during the year a Received $39,000 cash from the company's founders in

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Laser Delivery Services, Incorporated (LDS). was incorporated January 1 The following transactions occurred during the year a Received $39,000 cash from the company's founders in exchange for common stock b. Purchased land for $12,000 signing a two-year note (gnore interest) c Bought two used delivery trucks at the start of the year at a cost of $15,000 each; paid $5,000 cash and signed a note due in three years for $25,000 (ignore Interest) d. Pald $1.400 cash to a truck repair shop for a new motor, which increased the cost of one of the trucks e Stockholder Jonah Lee paid $280.000 cash for a house for his personal use 3. Show the effects of the journal entries by account, using accounts. Cash Equipment Credit Credit Debit Beginning Blanco Debat Benning Balance Ending Base Endog Balance

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