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Analyze Transactions of BHK Company, Jounalize and Set up itsT Accounts for each transaction May l: Jill Jones and her family invested $8 000 in BHK Company and received 8, 000 shares of stock -May2: BHK purchased a riding lawn mower for $2500 cash May8:BHK purchased a $15 000 truck. BHK paid $2 000 in cash and issued a note payable for the remaining $13 000 May18: BHK sold half of the repair parts to ABC Lawns for $150, a price equal to BHK cost. ABC Lawns agrees to pay BHK within 30 days May29: BHK provided services for a client and received S750 in cash
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Cash Capital stock 5/1 8,000 5/1 8,000 Tools and Equipment 5/2 2,500 Cas 5/1 8,0005/2 2,500 Cash Truck Notes Payable 5/1 8,000 5/2 2,500 5/8 2,000 5/8 15,000 5/8 13,000 ols and Equipment 5/2 2,500 5/11 300 Accounts Payable 5/11 300 Tools and Equipment Accounts Receivable 5/2 2,500 5/11 300 5/18 150 Sales Revenue 5/1 8,000 5/2 2,500 5/29 7505/8 2,000 5/29 750

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