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TRANSACTION ANALYSIS: Write journal entries for the following transactions a) Stockholders invested in the common stock of the business, $5,000 b) Bought equipment for cash,
TRANSACTION ANALYSIS: Write journal entries for the following transactions a) Stockholders invested in the common stock of the business, $5,000 b) Bought equipment for cash, $700 c) Bought equipment on account $600 d) Short-term loan of cash borrowed from the bank, $3,000 e) Paid cash on account for equipment purchased in transaction c), $400 f) Rendered services to clients, $100 g) Purchased a truck with $1,000 down payment and the remainder on credit 19,000
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