5 Gordon Company was recently formed with a $5,000 investment in the company by shareholders The company then borrowed $2,000 from a bank, purchased $1,000 of supplies on account, and also purchased $5,000 of equipment by paying $2,000 in cash and signing a note for the balance Based on these tran...

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5. Gordon Company was recently formed with a $5,000 investment in the company by shareholders. The...

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5. Gordon Company was recently formed with a $5,000 investment in the company by shareholders. The...

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