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Kieso E3-17 - EXERCISE 3-17 Mar 1 Cash Common...

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EXERCISE 3-17 Mar. 1 Cash ................................................................................ ......................................................................................... 60,000 Common Stock .................................................... 60,000 (Investment of cash in business) 3 Land ................................................................................ 10,000 Building .......................................................................... 22,000 Equipment ...................................................................... 6,000 Cash ...................................................................... 38,000 (Purchased Michelle Wie’s Golf Land) 5 Advertising Expense ..................................................... 1,600 Cash ...................................................................... 1,600 (Paid for advertising) 6 Prepaid Insurance ......................................................... 1,480 Cash ...................................................................... 1,480 (Paid for one-year insurance policy) 10 Equipment ...................................................................... 2,500 Accounts Payable
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