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Transactions for Winnie Company for the month of January 2022 are presented below. Required: Prepare any necessary journal entries indicated by these transactions. If
Transactions for Winnie Company for the month of January 2022 are presented below. Required: Prepare any necessary journal entries indicated by these transactions. If a journal entry is not required, indicate the reason. a. Stockholders invested $70,000 cash in the business in exchange for 3,000 shares of $1 par value common stock. b. Purchased land costing $34,000 for cash. c. Purchased equipment costing $12,000 for $2,000 cash and signed a note for the balance. d. Ordered supplies in the amount of $250. e. Received the supplies from d. and paid for them. f. Received $8,200 of cash for services performed, not previously recorded. g. Billed a customer $2,200 for services performed. h. Paid wages to employees for $3,000. i. The customer from g. paid $1,000 of her bill.
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