Journalize the entries a. Issued common stock to investors for $450,000 in cash and $75,000 in...

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Journalize the entries a. Issued common stock to investors for $450,000 in cash and $75,000 in inventory. b. Purchased a computer for $5,000 on account. c. Paid $24,000 for a 12-month Insurance policy. d. Billed customers $45,000 for services performed on account. e. Used $2,000 in Insurance from 12-month Insurance paid for in transaction (c). 1. Prepare Journal entries in proper format. a. Account Name Purchased a computer for $5,000 on account. c. Account Name Issued common stock to investors for $450,000 in cash and $75,000 in Inventory. b. Account Name Debit Credit d. Account Name Paid $24,000 for a 12-month insurance policy. Debit Debit Billed customers $45,000 for services performed on account. e. Account Name Debit Debit Credit Credit Credit Used $2,000 in insurance from 12-month Insurance paid for in transaction (c). Credit Journalize the entries a. Issued common stock to investors for $450,000 in cash and $75,000 in inventory. b. Purchased a computer for $5,000 on account. c. Paid $24,000 for a 12-month Insurance policy. d. Billed customers $45,000 for services performed on account. e. Used $2,000 in Insurance from 12-month Insurance paid for in transaction (c). 1. Prepare Journal entries in proper format. a. Account Name Purchased a computer for $5,000 on account. c. Account Name Issued common stock to investors for $450,000 in cash and $75,000 in Inventory. b. Account Name Debit Credit d. Account Name Paid $24,000 for a 12-month insurance policy. Debit Debit Billed customers $45,000 for services performed on account. e. Account Name Debit Debit Credit Credit Credit Used $2,000 in insurance from 12-month Insurance paid for in transaction (c). Credit

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Journal entrys Debtor inventory Account Debtor To Common stock a Cash Account Cissued Co... View the full answer