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Prepare journal entries for the following transaction. Received $4,800 to start an 8 month job, beginning next month. Received $5,000 from a customer for a
Prepare journal entries for the following transaction. Received $4,800 to start an 8 month job, beginning next month. Received $5,000 from a customer for a job previously completed. Depreciation on the building for the month was $300,000. Started a company by contributing equipment worth $5,000, land worth $90,000 and cash of $20,000. A customer paid $6,000 on a $10,000 job just completed.
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