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Business, 21.01.2021 22:40 kaffolter25

Prepare journal entries for each of the following transactions of Alma Inc. a. Issues stock to shareholders in exchange for $12,500 cash. b. Purchases $3,750 of equipment by signing a note payable. c. Performs $3,125 of services for customers on account. d. Pays $1,250 cash for legal services.

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