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ACCT 101: Accounting
Provide an example of each title here and then record the journal entries (2 Marks).
1-Purchasing Equipment for cash
ABC Company purchased equipment for SAR20,000 cash.
2-Issuing common stocks receiving cash.
ABC Company issued 10,000 shares of common stock at $5 par value
3-Providing service receiving cash.
ABC Company performed services to a client worth 30,0...
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