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    PhoThai Posts: 1, Reputation: 1
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    Jul 2, 2011, 10:58 PM
    S Corporation - One business sold and bought (started) a new business
    My friend (an owner of S corporation) closed her old restaurant in Apr and bought/started a new restaurant in June. She was not able to sell the old restaurant.
    What kind of journal entry should she make?

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