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Please prepare the following journal entries. Indicate which account should be debited and which account should be credited, along with the dollar amount of the debit and credit.
Investors invest $100,000 in exchange for 10,000 shares of common stock.
Company paid a utility bill for $600.
Company received cash of $15,000 for services performed.
Company made payment on account for $1,000.
Company received $12,000 for services not yet performed. (Points : 30)

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