Elisa Carle opens their first home decor shop, titled Woodland Home Ltd. During the first month...
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Elisa Carle opens their first home decor shop, titled Woodland Home Ltd. During the first month of operation (September), the shop experienced the following events. Transaction 1: Sept. 4: Elisa Carle invests $150,000 in their new business, which issued new shares to Elisa in return. Transaction 2: Sept. 10: Elisa Carle purchases inventory for $78,000 on account. Requirement: Prepare the journal entries Elisa Carle opens their first home decor shop, titled Woodland Home Ltd. During the first month of operation (September), the shop experienced the following events. Transaction 1: Sept. 4: Elisa Carle invests $150,000 in their new business, which issued new shares to Elisa in return. Transaction 2: Sept. 10: Elisa Carle purchases inventory for $78,000 on account. Requirement: Prepare the journal entries
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Based on the provided information here are the journal entries for the two transactions in ... View the full answer
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