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prepare the journal entry for the following narrative: On January 1st 2013 Kai, Alyssa, and Toru invested $575,000 cash, land worth $300,000 and a Warehouse

prepare the journal entry for the following narrative:

On January 1st 2013 Kai, Alyssa, and Toru invested $575,000 cash, land worth $300,000 and a Warehouse Facility worth $425,000 to form KAT Watches Incorporated. KAT Watches Inc. will function as a retailer in the business and selling custom watches.

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