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Prepare the journal entry to record each transactions

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Question - Journal Entries: Prepare the journal entry to record each of the following independent transactions.

Jan 1 Services provided on account of $1,330.

Jan 2 Purchases of supplies on account for $1,365.

Jan 5 Services provided for cash of $750.

Jan 5 Purchase of equipment for cash of $4,240.

Jan 7 Issuance of a promissory note for $2,500.

Jan 12 Collections on account for $890.

Jan 15 Sale of capital stock in exchange for a parcel of land; the land is appraised at $50,000.

Jan 18 Payment of $4,000 in salaries and wages.

Jan 31 Payment of open account in the amount of $500.

Reference no: EM132217750

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