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Prepare the journal entries for the following transactions: (a) $500 purchase for raw materials using trade credit (b) $1,500 amortization expense for goodwill (c) $4000
Prepare the journal entries for the following transactions: (a) $500 purchase for raw materials using trade credit (b) $1,500 amortization expense for goodwill (c) $4000 payment for salaries payable.
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