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Record the following sclccted transactions for January in a two-column journal. Once you have completed that, answer question10. When are adjusting entries entered? At the beginning of the accounting cycle At the end of the fiscal year At the beginniRecord the following selected transactions for January in a two-column journal. Once you have completed that, answer question

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Answer #1

5.
Answer is (b) $20000
Cash paid is $20000,

10.
Answer is b. At end of fiscal year
Adjusting entries are recorded at end of fiscal year

1.
Answer is c. Cash and Allen, Capital
Cash is debited and capital is credited for investment by allen in the company.

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