Micheal Co. - 7,000 19-May Cash 18,000 Common Stock 1,000...

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JOURNAL ENTRY FORM Problem 1:Michael Company Date: ACCOUNTS Debit Credit 1-May Purchase 30,000 Accounts Payable 30,000 1-May Freight-In 800 Cash 800 6-May Land 20,000 Cash 20,000 10-May Cash 8,000 Sales 8,000 14-May Cash 10,000 Notes Payable 10,000 18-May Accounts Receivable 7,000 Sales
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Unformatted text preview: 7,000 19-May Cash 18,000 Common Stock 1,000 Paid in Capital 17,000 23-May Cash 23,000 Gain 15,000 Land 8,000 27-May Notes Receivable 2,000 Accounts Receivable 2,000 30-May Salaries Expense 3,000 Cash 3,000 JOURNAL ENTRY FORM...
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Micheal Co. - 7,000 19-May Cash 18,000 Common Stock 1,000...

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