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transactions. a. Received $18,600 cash for consulting services rendered in January. b. Issued common stock to investors for $8,500 cash. c. Purchased $17,500 of equipment,
transactions.
a.
Received $18,600 cash for consulting services rendered in January.
b.
Issued common stock to investors for $8,500 cash.
c.
Purchased $17,500 of equipment, paying 25 percent in cash and owing the rest on a note due in 2 years.
d.
Received $11,300 cash for consulting services to be performed in February.
e.
Bought $1,850 of supplies on account.
f.
Received utility bill for January for $1,870, due February 15.
g.
Consulted for customers in January for fees totaling $20,500, due in February.
h.
Received $17,600 cash for consulting services rendered in December.
i.
Paid $925 toward supplies purchased in (e).
Prepare the journal entry for each of the above transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)
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