Prepare journal entries to record the following transactions of a company during the current year:
Definitions:
Distrain
The act of seizing someone's property in order to obtain payment of money owed, especially rent.
Covenant
A formal agreement or promise between two or more parties to do or not do something specified.
Statute of Frauds
A legal principle that requires certain types of contracts to be in writing and signed by the parties involved in order to be enforceable.
Writing
The activity or skill of marking coherent words on paper and composing text.
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