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QUESTION 3 25. Journalize the following transactions for Nexium & Associates, Inc (13 points) Investors contributed $100,000 in cash for shares of stock Debit Credit

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QUESTION 3 25. Journalize the following transactions for Nexium & Associates, Inc (13 points) Investors contributed $100,000 in cash for shares of stock Debit Credit Purchased office furniture costing $75,000 by paying $20,000 cash and signing a note for the remainder Debit Credit Purchased office furniture costing $75,000 by paying $20,000 cash and signing a note for the remainder Credit Debit Bought inventory for cash, $3,500. Debit Credit Paid $12,000 to rent office space for the next 6 months. Debit Credit

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