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Richard's Furniture began operations on December 1, 2018. Richard's Furniture in a calendar year company and has a year-end of December 31. The following are

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Richard's Furniture began operations on December 1, 2018. Richard's Furniture in a calendar year company and has a year-end of December 31. The following are Richard's Furniture's transactions during the month of December: On December 1, the owners invested $300,000 (the par value of the stock) in return for 10,000 shares of common stock. On December 7, the company took out a loan of $135,000 from Bank One, and on December 15, the company purchased a building for $120,000 in cath. The building will be used as its storage facility. Prepare the general journal entries for the month of December (Record debita fint, the credits Exclude explanations from any journal entries On December 1, the owners invested $300,000 (the par value of the stock) in retum for 10,000 shares of common stock Account Cash Common Stock December 1 300,000 300,000 Question Viewer On December 7, the company took out a loan of $135,000 from Bank One December Account Canh On December 15, the company purchased a building for $120,000 in cash. The building will be used as its storage facility than continue to the next

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