The business was established via the receipt of $29 000 of cash and issuance of common...

 

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The business was established via the receipt of $29 000 of cash and issuance of common stock to the investor. Next the business paid $2 600 in rent for the first month of operations and $14 000 of supplies for future use in providing services. The business also performed $9 400 of services receiving $1 400 in cash and the remaining $8 000 on account. Items needed • Completed Spreadsheet Income Statement Statement of Retained Earnings Balance Sheet The business was established via the receipt of $29 000 of cash and issuance of common stock to the investor. Next the business paid $2 600 in rent for the first month of operations and $14 000 of supplies for future use in providing services. The business also performed $9 400 of services receiving $1 400 in cash and the remaining $8 000 on account. Items needed • Completed Spreadsheet Income Statement Statement of Retained Earnings Balance Sheet

Answer rating: 100% (QA)

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