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Sweet Shop Co. is a chain of candy stores that has been in operation for the past ten years. a. Ordered and received $13,200 worth
Sweet Shop Co. is a chain of candy stores that has been in operation for the past ten years. a. Ordered and received $13,200 worth of cotton candy machines from Candy Makers Inc., which Sweet Shop Co. will pay for in 45 days. b. Sent a check for $7,200 to Candy Makers Inc. for the cotton candy machines from (a). c. Received $1.600 from customers who bought candy on account in previous months. d. To help raise funds for store upgrades estimated to cost $38,000, Sweet Shop Co. Issued 2,200 common shares for $15 each to existing stockholders. e Sweet Shop Co. bought Ice cream trucks for $84,000 total, paying $22,000 cash and signing a long-term note for $62,000. Prepare journal entries for the above transactions, which occurred at the end of the most recent year. (If no entry is required for a transaction/event, select "No Journal Entry Required" In the first account field.) View transaction list Journal entry worksheet 1 2 3 4 5 Ordered and Makers Inc., transaction. es from Candy ecord the No Journal Entry Required Accounts Payable Accounts Receivable Accumulated Amortization Note: Enter debit Transaction Debit Credit Record entry Clear entry View general journal
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