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Question 18

1. Sold $32,000 of common stock to investors. NOTE Debit entries need to be listed first. Please do not indent credit entries

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Answer #1
Sl No Account tilte Debit Credit
1 Cash 32000.00
Common stock 32000.00
2 Supplies 2000.00
Accounts payable 2000.00
3 Accounts payable 1500.00
Cash 1500.00
4 Equipment 8000.00
Cash 3000.00
Loans payable 5000.00
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