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The ABC Company had the following transactions: 1- During the year the company provided $125000 in services. $100000 in cash was recieved. All other services
The ABC Company had the following transactions:
1- During the year the company provided $125000 in services.
$100000 in cash was recieved. All other services were on account.
2- The company incurs salary expense of $30000 and pays its employees in cash.
3- The company pays cash dividend of $5000
Required : Journalize eacg transaction.
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