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    Analyze and record the transactions as journal entries

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    Journal Entries
    The following transactions are for the Burdette Construction Company:
    a. The firm bought equipment for $49,000 on credit.

    b. The firm purchased land for $500,000, $190,000 of which was paid in cash and a note payable signed for the balance.

    c. The firm paid $33,000 it owed to its suppliers.

    d. The firm arranged for a $125,000 line of credit (the right to borrow funds as needed) from the bank. No funds have yet been borrowed.

    e. The firm sold some of its products for $29,000?$14,000 for cash, the remainder on account.

    f. Cost of sales in (e) are $17,000.

    g. The firm borrowed $78,000 on its line of credit.

    h. The firm issued a $7,500 cash dividend to its stockholders.

    i. An investor invested an additional $50,000 in the company in exchange for additional capital stock.

    j. One of the primary investors borrowed $75,000 from a bank. The loan is a personal loan.

    k. The firm repaid $13,000 of its line of credit.

    l. The firm received a $500 deposit from a customer for a product to be sold and delivered to that customer next month.

    Analyze and record the transactions as journal entries. (Omit explanations)

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