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PROBLEM 2-Worth FOURTEEN (21) points The following events apply to Healing Inc. for 2017, its first year of operation: 1. Received cash of 78,000 from

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PROBLEM 2-Worth FOURTEEN (21) points The following events apply to Healing Inc. for 2017, its first year of operation: 1. Received cash of 78,000 from the issue of common stock 2. Performed $240,000 worth of services on account. 3. Paid $150,000 cash for salaries expense. 4. Purchased supplies for $30,000 on account. 5. Collected $110,000 of accounts receivable. 6. Paid $6,500 of the accounts payable. 7. Had $14,000 of supplies on hand at the end of the period. Record these events in general journal form (i.e. write journal entries corresponding T-accounts (ledger accounts)

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