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In the General Journal provided below, record the following transactions for Kirkland Inc. 1. Kirkland sold...

In the General Journal provided below, record the following transactions for Kirkland Inc. 1. Kirkland sold common stock for $15 in cash on January 1, 2013. 2. The firm made $5 by providing consulting services to a customer on January 30, 2013. The customer paid $3 in cash and promised to pay the remaining $2 next month. 3. Kirkland paid $4 cash for its operating expenses on January 31, 2013.

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Date Account Debit Credit
Jan 1 2013 Cash $         15
Jan 1 2013 Common Stock $         15
(Being sotck issued for cash)
Jan 30 2013 Cash $           3
Jan 30 2013 Accounts Receivable $           2
Jan 30 2013 Consulting Revenue $           5
(being revenue recorded)
Jan 31 2013 Operating Expense $           4
Cash $           4
(Being operating expense recorded)
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