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In late March 2020, Connect Ltd. entered into a number of transactions that have not...

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Accounting

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In late March 2020, Connect Ltd. entered into a number of transactions that have not yet been recorded. Forechos transactions record the journal entry in proper format that we needed using proper account names. You may want to her account (Asset, Liability, Equity, Revenue or Expense) for each part of the journal entry to help you identify the cours 1. On March 27 Connect purchased new equipment for $27,000. The company paid $7,000 in cash and the remainder will be paid it months. 2. On March 29 Connect received a cheque for $12.000 from a customer for goods that will be delivered in June. Connect depende cheque in its bank account on the same day. 3. On March 30 Connect paid a supplier $10,000 for inventory delivered two months ago according to the payment terms 4. On March 31 Connect sold common shares to investors for $200,000 cash. The money was needed to renovate one of the company's facilities

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