Prepare journal entries in good form for the following transactions at Snacktime Corp.:
a.Jill (owner)invested cash of $25,000 receiving common shares in exchange.
b.Purchased inventory on credit,for $9,000.
c.Paid $3,000 for rent of the Snack shop.
d.Received $4,700 for services rendered.

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The Answer of Prepare journal entries in good form for the following transactions at Snacktime Corp.:
a.Jill (owner)invested cash of $25,000 receiving common shares in exchange.
b.Purchased inventory on credit,for $9,000.
c.Paid $3,000 for rent of the Snack shop.
d.Received $4,700 for services rendered.

Prepare Journal Entries in Good Form for the Following Transactions