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Make necessary journal entries. Use ONLY existing accounts (cash, accounts receivable, land, equipment accumulated depreciation, accounts payable, tax payable, loan payable, common stock, additional paid
Make necessary journal entries. Use ONLY existing accounts (cash, accounts receivable, land, equipment accumulated depreciation, accounts payable, tax payable, loan payable, common stock, additional paid in capitol, retained earnings, interest payable... etc.
3/21/21 | Collected $617,000 in rent revenue. | |
3/23/21 | Paid $1,200,000 in dividends. | |
3/24/21 | Purchased new equipment for $2,888,000. Paid in cash. | |
3/28/21 | Property manager stole $946,000 of company funds. | |
3/30/21 | Paid $227,000 utility bill. | |
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