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Requirement 1. Prepare journal entries for the transactions. Include an explanation for each transaction. (Record debits first, then credits. Select the explanation on the last

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Requirement 1. Prepare journal entries for the transactions. Include an explanation for each transaction. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Sep. 1: Paid monthly utilities expense of $145. Sep. 4: Borrowed $9,900 cash, signing a note payable

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