Acc 421 final exxam question

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Question 1

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Transactions for Mehta Company for the month of May are presented below.

May

1

 

B.D. Mehta invests $3,309 cash in exchange for common stock of Mehta Company, a small welding corporation.

 

3

 

Buys equipment on account for $1,427.

 

13

 

Pays $477 to landlord for May rent.

 

21

 

Bills Noble Corp. $534 for welding work done.

Prepare journal entries for each of these transactions.

Date

Description/Account

Debit

Credit

May 1

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$

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$

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$

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$

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$

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$

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$

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$

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$

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$

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      Net cash provided by investing activities

$

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