Unformatted text preview: cash, $5,000. Paid accounts payable, $1,000 cash. Purchased office supplies on credit, $1,000. Sold stock to new investors for $5,000 of cash. Paid a $10,000 note payable. Ending financial position. (B) How much did cash change during the period?...
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- Spring '08
- Generally Accepted Accounting Principles, Financial Position, Beginning financial position