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What will be the journal entry for transaction on same day

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Problem 1: Stear Corp. has purchased plant equipment worth $15,000. It paid the manufacturer by check on the very same day. What will be the journal entry for this transaction?

Problem 2: Stear Corp. pays rent of $1,000 for its warehouse in cash at the beginning of the month of March. What will be the journal entry for transaction on the same day?

Reference no: EM132698632

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