(Solution) - Transactions for Milton s Wings and Pizza for the month of -(2025 Original AI-Free Solution)

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Academic Level: Undergrad. (yrs 3-4)

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Pages: 5 Words: 1375

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Transactions for Milton?s Wings and Pizza for the month of June are presented below. Identify the accounts to be debited and credited for each transaction, and journalize the transactions.
June
1 .... Milton Wolfe invests $20,000 cash in exchange for shares of common stock in a small printing corporation.
2 .... Buys equipment on account for $8,600
3 .... Pays $1,200 to landlord for June rent
12 .... Bills B. J. Chang $890 for a pizza party