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Transactions for Mehta Company for the month of May are presented below.
Prepare journal entries for each of these transactions. (You may omit explanations.)
May 1 B. D. Mehta invests $4,000 cash in exchange for common stock in a small welding corporation.
3 Buys equipment on account for $1,100.
13 Pays $400 to landlord for May rent.
21 Bills Noble Corp. $500 for welding work done.
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Transactions for Mehta Company for the month of May are presented below.
Prepare journal entries fo...
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