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organizational costs for a firm was $1250, 50% paid on July 1st and the other 50% to be paid on September 1st. What would the

organizational costs for a firm was $1250, 50% paid on July 1st and the other 50% to be paid on September 1st. What would the journal entries look like for both transactions with the accounts of Organizational Costs, Cash, and Organizational Costs Payable? What would be debited and credited for each transaction?

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