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On November 1 of the current year, Lois Bell began Lois Bell, Interior Design with an initial investment of $50,000 cash. On November 30 her

On November 1 of the current year, Lois Bell began Lois Bell, Interior Design with an initial investment of $50,000 cash. On November 30 her records showed the following (alphabetically arranged) items and amounts: Problem #2 ( 30 points ) Dolly Barton began Barton Office Services in October and during that month completed these transactions: (a) Invested $10,000 cash, and $15,000 of computer equipment. (b) Paid $500 cash for an insurance premium covering the next 12 months. (c) Completed a word processing assignment for a customer and collected $1,000 cash. (d) Paid $200 cash for office supplies. (e) Paid $2,000 for October's rent. Prepare journal entries to record the above transactions. Explanations are unnecessary

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