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Prepare general journal entries to record the following transactions. Omit the explanations after each entry. Mar.1 J. Lynch invested in a neighborhood movie house. Land,

Prepare general journal entries to record the following transactions. Omit the explanations after each entry.

Mar.1

J. Lynch invested in a neighborhood movie house. Land, $100,000; building, $400,000; and equipment, $50,000; totaling $550,000

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