Question: balance sheet John Block opened Block Construction on May 1 of the current year. The following amounts summarize the transactions and financial position of Block

balance sheet John Block opened Block Construction on May 1 of the current year. The following amounts summarize the transactions and financial position of Block Construction as of May 31. During May the following transactions occurred: 1-May Block purchased $20,000 of stock in the company. 2-May The company purchased $4,000 of equipment for the company with cash. 7-May The company purchased supplies for

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