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Transactions for the George Lynch Company for the month of June are presented below.;June 1 George Lynch invests $5,000 cash in...

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Transactions for the George Lynch Company for the month of June are presented below.;June 1 George Lynch invests $5,000 cash in a small welding business of which he is the sole proprietor.;2 Purchases equipment on account for $2,100.;3 $800 cash is paid to landlord for June rent.;12 Sends a bill to M. Rodero for $300 for welding work performed on account.;Identify the accounts to be debited and credited for each transaction.

 

Paper#73755 | Written in 18-Jul-2015

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