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Business, 21.09.2021 14:00 emmagossett2002

1. Jan. 1 Issued 18,000 shares of common stock for $90,000 cash. 2. Jan. 3 Purchased $108,000 of office equipment by paying $9,000 cash and by signing a one-year, 10% interest-bearing note payable for the remaining balance. 3. Jan. 3 Purchased $5,400 supplies on account. Hint: Debit supplies. 4. Jan. 4 Performed $7,200 of legal services on account. 5. Jan. 6 Received a $2,700 cash deposit from a new client for legal work to commence next month. 6. Jan. 10 Paid $9,000 cash for a 12-month insurance policy. Analyze each of the above transactions and record the general journal entry for each, omitting explanations. Ignore any month-end adjusting entries.

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