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Purchased plant and equipment for $6.36 in cash. b. Borrowed $181 from a bank, signing a short-term note. c. Provided $39, 323 in service to
Purchased plant and equipment for $6.36 in cash. b. Borrowed $181 from a bank, signing a short-term note. c. Provided $39, 323 in service to customers during the year, with $28, 558 on account and the rest received in cash. d. Paid $32, 074 cash on accounts payable. e. Purchased $32, 305 during the year. f. Paid payroll, $3, 500 during the year. g. Received $39, 043 on account paid by customers. h. Purchased and used fuel of $750 in delivery vehicles during the year(paid for in cash). i. Declared $597 in dividends at the end of the year to be paid the following year. j. incurred $68 in utility usage during the year, paid $55 in cash and owed the rest on account. Required: For each of the transactions, prepare journal entries
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