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    Financial and Managerial Accounting Study Set 5
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    Exam 2: Analyzing Transactions
  5. Question
    On January 7th, Damien Lawson Deposited $95,000 in a Bank
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On January 7th, Damien Lawson Deposited $95,000 in a Bank

Question 23

Question 23

Essay

On January 7th, Damien Lawson deposited $95,000 in a bank account in the name of JumpStart in return for shares of stock in the corporation. Prepare the journal entry to record this transaction.

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