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Prepare journal entries in good form for the following transactions at Snacktime Corp.: Jill (owner) invested cash of $25,000 receiving common shares in exchange. Purchased
Prepare journal entries in good form for the following transactions at Snacktime Corp.:
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Jill (owner) invested cash of $25,000 receiving common shares in exchange.
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Purchased inventory on credit, for $9,000.
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Paid $3,000 for rent of the Snack shop.
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Received $4,700 for services rendered.
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