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Requirement 1. Prepare the journal entries, and post to the T-accounts Begin by preparing the journal entries for the December transactions. (Record debits first, then

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Requirement 1. Prepare the journal entries, and post to the T-accounts Begin by preparing the journal entries for the December transactions. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Dec. 1: Walton contributed $45,000 cash to the business in exchange for capital Debit Credit Date Accounts and Explanation Dec. 1

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