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Question 5 (1 point) Prepare journal entries for these transactions Received $50,000 cash and issued stock to the owners 1. Paid $40,000 cash for land

Question 5 (1 point) Prepare journal entries for these transactions Received $50,000 cash and issued stock to the owners 1. Paid $40,000 cash for land 2. Bought $3,700 of supplies on account 3. Received $7,000 cash from customers for service revenue earned 4

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