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Lincoln Financial Corp. Prepare journal entries to record the following transactions. Revenue is recorded in Sales Revenue and Service Revenue. (Omit explanations.) Prepare journal entries

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Lincoln Financial Corp. Prepare journal entries to record the following transactions. Revenue is recorded in Sales Revenue and Service Revenue. (Omit explanations.) Prepare journal entries in the blank boxes below. Follow my example. Be sure to indent the credit when typing your entries out. Use the correct format! June 1 Dune 2 Dune 3 June 5 June 10 June 14 June 15 June 16 June 17 Lincoln invested $750,000 cash into the business in exchange for common Istock Lincoln purchased a land for $300,000 and equipment for $70,000. Hope bald $210,000 in cash and signed note payable for the remaining Paid $1.200 for a six month of rent on a office, Purchased additional equipment costing $1,000 on account Received cash for sales of $10,000. Paid $5,000 on notes payable. Pald $1,000 cash for staff salaries Paid $500 for advertising expense. Paid cash dividends of $1.200. Debit Credit

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