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Discuss the general journal in accordance

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Journalize the following transactions into the general journal in accordance with the rules of Journalizing, and the Double-entry accounting system.

May 29 Lee Company receives and pays a bill for a two-year insurance policy premium, $3,800. The policy begins on June 1.

September 16 Lee Company purchases land for $50,000 on account.

 

Reference no: EM131815330

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