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QUESTION 24 Interpret the following journal entry: Equipment Common stock 10,000 10,000 Oa. An investor contributed equipment to the company. Ob.A company sold equipment.
QUESTION 24 Interpret the following journal entry: Equipment Common stock 10,000 10,000 Oa. An investor contributed equipment to the company. Ob.A company sold equipment. Oc. A company purchased equipment. Od. A company gave equipment to an investor. QUESTION 25 A company that receives money in advance of performing a service a. debits Cash and credits Unearned Service Revenue. Ob.debits Cash and credits Service revenue. Oc. debits Cash and credits Prepaid Service Revenue. Od. debits Unearned Service Revenue and credits Cash.
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