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Please make sure to answer all parts of the question Q2:Dell company made the following transaction during January 2018: 1- Sold land for 200,000$ on
Please make sure to answer all parts of the question
Q2:Dell company made the following transaction during January 2018: 1- Sold land for 200,000$ on account. 2- Sold inventory for 80,000$ received 20,000$ cash and the rest on account. 3- Purchased equipment for 190,000$ paid 50,000$ cash and the rest on account. 4- Purchased inventory for 50,000 cash. 5- Received contribution from smart company of 30,000$ cash. 6- Purchased office supply for 4,000$ cash. 7- Sold inventory for 30,000$ on account. 8- Sold furniture for 40,000$ received 10,000$ cash and the rest on account. Write the journals for Dell's transactionsStep by Step Solution
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