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Tom's Company, a retailer, had the following account balances as of April 30, 2022: During May, the company completed the following transactions. May 3 Paid

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Tom's Company, a retailer, had the following account balances as of April 30, 2022: During May, the company completed the following transactions. May 3 Paid half of the accounts payable May 6 Collected all of the accounts receivable May 7 Providing services for $3,000 cash and $2,000 on account. May 15 Paid installment of $2,500 on accounts payable. May 21 Invested additional capital for $1,000 cash. May 23 Providing services for $3,750 cash. May 25 Paid salaries of $1,000. May 26 Paid rent of $250. May 29 Purchased furniture for $250 cash. Required: Prepare the journal entry for each transaction

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