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    Corporate Financial Accounting Study Set 1
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    Exam 2: Double-Entry Accounting
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    On January 7, Stockholders Invest $45,000 in JumpStart in Exchange
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On January 7, Stockholders Invest $45,000 in JumpStart in Exchange

Question 119

Question 119

Essay

On January 7, stockholders invest $45,000 in JumpStart in exchange for common stock. Provide the journal entry for this transaction.

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