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Required information Matt's Computer Service entered into the following transactions during Year 1 : 1) Issued stock to investors for $51,000 cash 2) Purchased land

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Required information Matt's Computer Service entered into the following transactions during Year 1 : 1) Issued stock to investors for $51,000 cash 2) Purchased land for $39,000 cash 3) Performed services on account for $57,000 4) Collected $36,000 from customers on account 5) Paid $22,500 cash for operating expenses Required: a) Post the above transactions to the appropriate T-accounts

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