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Prepare the following Journal Entries: 1. A company purchases $200 of inventory on account 2. A Painting Company completes painting services for $1,000 on account

Prepare the following Journal Entries: 1. A company purchases $200 of inventory on account 2. A Painting Company completes painting services for $1,000 on account 3. A company issues $5,000 of stock for cash

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