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Business, 03.09.2021 01:50 desmiyoungmoore
Show a detailed journalizing of the following transactions:
Galle Inc. entered into the following transactions during January.
January 1: Borrowed $298,000 from First Street Bank by signing a note payable.
January 4: Purchased $25,000 of equipment for cash.
January 6: Paid $500 to landlord for rent for January.
January 15: Performed services for customers on account, $42,700.
January 25: Collected $3,000 from customers for services performed in Transaction d.
January 28: Purchased land for $250,000 by paying $16,000 cash and obtaining a loan for the balance.
January 30: Paid salaries of $7,500 for the current month.
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Show a detailed journalizing of the following transactions:
Galle Inc. entered into the following...
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