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Screen Shot 2016-01-31 at 6.38.45 PM.png - More Info E Apr...

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Unformatted text preview: More Info E] Apr 1 Sold $95,000 of common stock to Marshall to start the business. 3 Paid $900 for the purchase of office supplies. 8 Paid $40,000 cash to purchase land for an office site. 12 Purchased office equipment on account, $1,300. 17 Borrowed $50,000 from the bank. Marshall signed a note payable to the bank in the name of the business. 26 Paid $2,500 on account. 30 Revenues earned during the month included $15,000 cash and $18,000 on account. 30 Paid employees' salaries, $2,550; office rent, $2,500; and utilities, $700. 30 Paid $2,500 of dividends to stockholder, Marshall. ...
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  • Spring '08
  • levin

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