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The following events apply to Paradise Vacations s first year of operations: Acquired $ 2 1 , 0 0 0 cash from the issue of
The following events apply to Paradise Vacationss first year of operations: Acquired $ cash from the issue of common stock on January Year Purchased $ of supplies on account. Paid $ cash in advance for a oneyear lease on office space. Earned $ of revenue on account. Incurred $ of other operating expenses on account. Collected $ cash from accounts receivable. Paid $ cash on accounts payable. Paid a $ cash dividend to the stockholders. Information for Adjusting Entries There was $ of supplies on hand at the end of the accounting period. The lease on the office space covered a oneyear period beginning November There was $ of accrued salaries at the end of the period. Post the transaction data from the journal to ledger Taccounts.
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