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Business, 21.04.2020 20:23 xxkeyxx51

Acquired $30,000 cash from the issue of common stock. Purchased inventory for $15,000 cash. Sold inventory costing $9,000 for $20,000 cash. Paid $1,500 for advertising expense. Required a. Record the general journal entries for the preceding transactions. b. Post each of the entries to T-accounts. c. Prepare a trial balance to prove the equality of debits and credits.

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Acquired $30,000 cash from the issue of common stock. Purchased inventory for $15,000 cash. Sold inv...
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