Question: a ) Jack Saint contributes $ 5 4 comma 0 0 0 to the business. The business issues common stock to Jack. b ) The

a) Jack Saint contributes $ 54 comma 000 to the business. The business issues common stock to Jack.
b) The business purchases $ 900 of supplies on account.
c) The business pays cash to purchase land for $ 16 comma 000.
d) Services are performed for clients and $ 13 comma 000 cash is received.
e) Cash is paid for office rent expense, $ 1 comma 900 and salaries expense, $ 300.
f) Cash dividends of $ 1 comma 700 are paid to stockholders.
 a) Jack Saint contributes $ 54 comma 000 to the business.

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