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The following events pertain to Big Axe Corporation which owns several axe throwing venues: a. Received $96,000 cash from the issuance of common stock. b.
The following events pertain to Big Axe Corporation which owns several axe throwing venues: a. Received $96,000 cash from the issuance of common stock. b. Purchased land for $53,000 in cash. c. Purchased $18,000 of supplies on account. d. Collected $15,700 cash on accounts receivable. Required: Record each of the transactions in general journal form. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet 4 Record the issuance of common stock. Note: Enter debits before credits. Journal entry worksheet 4 Note: Enter debits before credits. Journal entry worksheet Record the purchase of supplies on account. Note: Enter debits before credits. Journal entry worksheet Record the cash collected on accounts receivable. Note: Enter debits before credits
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