Create Journal entry, T-accounts, and financial statements (Income Sratement, Statement of Retained Earnings, and a Balance Sheet) for the following. Given $1,000,000 First: Buy a property for $30,000...

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Extracted text: Create Journal entry, T-accounts, and financial statements (Income Sratement, Statement of Retained Earnings, and a Balance Sheet) for the following. Given $1,000,000 First: Buy a property for $30,000 Second: Hire someone to clear land for $500 Third: Clear land for $1,000 Fourth: Hire builder for $2,000 Fifth: Build house for $900,000 Sixth: Furnish house for $60,000