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Record the following selected transactions in general journal from the Quantum clinic, Inc. Include a brief explanation of as part of each journal entry The
Record the following selected transactions in general journal from the Quantum clinic, Inc. Include a brief explanation of as part of each journal entry The clinic issued 5,000 additional shares of capital stock do Doctor Sages at $ 60 per share The clinic purchased diagnostic equipment. The equipment cost $250,000, of which $100,000 was paid in cash, a note payable was issued for the balance Issued a check for $6,000 in full payment of an account payable to Laboratories Purchased surgical supplies for $ 4,000. Payment is due until November 28. Collected a $80,000 account receivable from Health One Insurance company Declared and paid a $500,000 cash dividend to stockholders
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