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Victor's Grocery began operations on December 1, 20222022, and has a year-end of December 30. On December 1, the owners invested $ 110 comma 000$110,000
Victor's Grocery began operations on December 1, 20222022, and has a year-end of December 30. On December 1, the owners invested $ 110 comma 000$110,000 (the par value of the stock) in return for 5,000 shares of common stock. On December 7, the company took out a loan from the bank in the amount of $ 135 comma 000$135,000, and on December 15, the company purchased a building to be used as its selling facility for $ 85 comma 000$85,000 in cash. Prepare the general journal entries for the month of December. (Record debits first, then credits. Exclude explanations from any journal entries.) Question content area bottom Part 1 On December 1, the owners invested $ 110 comma 000$110,000 (the par value of the stock) in return for 5,000 shares of common stock
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