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of 4 0:45:51 Nicole has decided that she is going to start her business, Nicole's Getaway Spa (NGS). A lot has to be done when
of 4 0:45:51 Nicole has decided that she is going to start her business, Nicole's Getaway Spa (NGS). A lot has to be done when sta a new business. Here are some transactions that have occurred prior to April 30. a. Received $81,000 cash when issuing 8,100 new common shares. b. Purchased land by paying $2,500 cash and signing a note payable for $4,000 due in three years. c. Hired a new aesthetician for a salary of $1,100 a month, starting next month. d. NGS purchased a company car for $19,000 cash (list price of $22,000) to assist in running errands for the busines e. Bought and received $800 in supplies for the spa on credit. f. Paid $100 of the amount owed in (e). g. Nicole sold 100 of her own personal shares to Raea Gooding for $400. Required: 1. Prepare journal entries for each of the entries. (If no entry is required for a transaction/event, select "No Journal Er in the first account field.)
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