Question: Data for H . Ivanhoe, interior decorating, are presented as follows. Jan. 2 Stockholders invested $ 1 6 , 0 0 0 cash in the

Data for H. Ivanhoe, interior decorating, are presented as follows.
Jan. 2 Stockholders invested $16,000 cash in the business in exchange for common stock.
3 Purchased used car for $8,873 cash for use in the business.
9 Purchased supplies on account for $541.
11 Billed customers $1,948 for services performed.
16 Paid $216 cash for advertising.
20 Received $844 cash from customers billed on January 11.
23 Paid creditor $325 cash on balance owed.
28 Declared and paid a $541 cash dividend.
Data for H. Ivanhoe, interior decorating, are presented as follows. Jan.

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