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On June 1, Jennie Beagle invests $25,000 cash to start a law firm, Legal Beagles, operating as a proprietorship. June 3. Signed a contract to

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On June 1, Jennie Beagle invests $25,000 cash to start a law firm, Legal Beagles, operating as a proprietorship. June 3. Signed a contract to provide legal services to Bluechip Corp., and received a retainer of $5,000 to be applied against future services. No legal service is provided by Legal Beagles in June. June 6 Paid $2,100 cash for the first three month's rent. June 9 Purchased office equipment for $10,000, paying $3,500 in cash and signed a 30-day, 5% note payable for $6,500. June 12 Paid $600 cash for the purchase of office supplies. June 13 Billed $4,000 to clients for legal services. June 25. Jeannie withdrew $1,380 from the business for living expenses. Required: Prepare journal entries for the above. DO NOT PROVIDE explanations for the transactions. 7 B

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