Question: prepare suitable entries for the following case a- On June 1. S. Tom invested $ 95,000 cash and office equipment valued at $35,000 in the
prepare suitable entries for the following case
a- On June 1. S. Tom invested $ 95,000 cash and office equipment valued at $35,000 in the Company. b- On June 3. The company purchased a $ 70,000 building to use as an office. It paid $ 20,000 in cash and signed a note payable promising to pay the $ 50,000 balance over the next Three years. C- On June 8. The company paid $3,000 cash for this month's utilities
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