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Prepare the journal entry to record each of the following independent transactions. Use the number of the transaction in place of a date for identification purposes.
1. Services provided for cash of $7,050.
2. Purchase of equipment for cash of $2,240.
3. Services provided on account of $530.
4. Purchases of supplies on account for $365.
Claim Message
A formal communication asserting rights, demanding action, or stating that something is true, often used in business or legal contexts.
Threatening Words
Language used to express intentions of harm or intimidate someone, creating a feeling of fear or danger.
Goodwill
The value of a company's brand reputation, customer loyalty, and other intangible assets.
Legal Action
The process of using the formal judicial system to resolve disputes, enforce laws, or seek justice.
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