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Q2- 15 marks Purchased a truck for cash. Issued share capital for cash. Incurred a bank loan as payment for equipment. Made a deposit for

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Q2- 15 marks Purchased a truck for cash. Issued share capital for cash. Incurred a bank loan as payment for equipment. Made a deposit for electricity service to be provided to the company in the future. Paid rent expense. Signed a new union contract that provides for increased wages in the future. Wrote a letter of complaint to the prime minister about a mail strike and hired a messenger service to deliver letters Received a collect telegram from the prime minister; paid the messenger. Billed customers for services performed. Made a cash payment to satisfy an outstanding obligation. Received a payment of cash in satisfaction of an amount owed by a customer. Collected cash from a customer for services rendered. Paid cash for truck operation expenses. Made a monthly payment on the bank loan; this payment included a payment on part of the loan and also an amount of interest expense. (Hint: This transaction affects more than two parts of the accounting equation.) Issued shares in the company to pay off a loan. Pass journal entries for the above transactions

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