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Use Journal entry and T -accounts to show how transactions affect the balance sheet. Cary Duffy incorporates Carys Carpet Cleaning, Inc. On April 1. The
Use Journal entry and T -accounts to show how transactions affect the balance sheet. Cary Duffy incorporates Carys Carpet Cleaning, Inc. On April 1. The Company issues common stock to Cary and his wife as evidence of their contribution of $10,000 each, both of which are deposited in the companys bank account. Complete the necessary journal entry by selecting the account names and dollar amounts from the drop-down menus. Date April Account Title Debit Credit
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