For the following transaction,provide all of the required journal entries from inception to liquidation.Assume a December 31 year end and that the company does not prepare interim statements.Round all amounts to nearest dollar.
Definitions:
Consensus
General agreement among a group of people, typically reached after discussion and sometimes negotiation.
Consistency
The quality of being stable, coherent, and uniform in performance, behavior, or decision-making over time.
Distinctiveness
The quality of being noticeably different and unique from others.
External Causes
Relates to factors originating outside an individual or system that affect behavior or outcomes.
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