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Prepare general journal entries for the following transactions for a new sporting goods store. Use proper form for journal entries. August 5 Andrea Moss, the
Prepare general journal entries for the following transactions for a new sporting goods store. Use proper form for journal entries. August 5 Andrea Moss, the owner, invested $8,000 cash and $15,000 in equipment in the company in exchange for common stock. August 19 The company paid August utilities in the amount of $3,500 cash. August 27 The company paid $2,000 cash for supplies for its store.
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