Prepare credit and debit sheet

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Joe Donaldson deposited $80,000 in his new business. He then purchased for cash a building for $40,000 and inventory for $20,000. He performed services for clients for $10,000 cash, purchased supplies for $5,000 cash, and paid utilities of $2,000 cash.

Prepare all entries related to above transactions.

Reference no: EM1317140

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