Question: Prepare journal entries for each transaction listed below. Note: If no entry is required for a transaction/event, select No journal entry required in the first

Prepare journal entries for each transaction listed below. Note: If no

Prepare journal entries for each transaction listed below. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. a. Sales on account were $1,000 and related cost of goods sold was $550. b. Issued 4,000 shares of $1 par value stock for $65,000 cash

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