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Transactions for the Sheldon Cooper Company, which provides welding services, for the month of June are presented below. Sheldon Cooper invests $4,000 cash in exchange

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Transactions for the Sheldon Cooper Company, which provides welding services, for the month of June are presented below. Sheldon Cooper invests $4,000 cash in exchange for shares of common stock in a small welding business. Purchases equipment on account for $1.200. 3 $800 cash is paid to landlord for June rent. Bills P. Leonard $300 after completing welding work done on account June 1 2 12 Identify the accounts to be debited and credited for each transaction. Account Debited Account Credited June 1 V 2 3 Rent Revenue Accounts Payable Service Revenue Common Stock Cash Investment Rent Expense Accounts Receivable Depreciation Expense Equipment e Textboo Save for Later Attempts: 0 of

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