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Q3 I need these done properly and with 200% assurance that the solution would be correct. Thank you in advance. Required information The following information
Q3
I need these done properly and with 200% assurance that the solution would be correct. Thank you in advance.
Required information The following information applies to the questions displayed below.] Laser Delivery Services, Inc. (LDS), was incorporated January 1. The following transactions occurred during the year: Part 3 of 3 2.5 points a. Received $40,000 cash from the company's founders in exchange for common stock. b. Purchased land for $12,000, signing a two-year note (ignore interest). c. Bought two used delivery trucks at the start of the year at a cost of $10,000 each; paid $2,000 cash and signed a note due in three years for $18,000 (ignore interest). d. Paid $2,000 cash to a truck repair shop for a new motor, which increased the cost of one of the trucks. e. Stockholder Jonah Lee paid $300,000 cash for a house for his personal use. eBook 3. Show the effects of the journal entries by account, using the T-account. Ask Cash Equipment Beg. Bal. Beg. Bal. I Print References End. Bal. End. Bal. Land Notes Payable Beg. Bal. Beg. Bal. End. Bal. End. Bal. Common Stock Beg. Bal. End. BalStep by Step Solution
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