Question: Data for K. Crane, interior decorating, are presented as follows. Jan. 2 Stockholders invested $16,000 cash in the business in exchange for common stock. 3
Data for K. Crane, 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 $9,808 cash for use in the business. 9 Purchased supplies on account for $598. 11 Billed customers $2,153 for services performed. 16 Paid $239 cash for advertising. 20 Received $933 cash from customers billed on January 11. 23 Paid creditor $359 cash on balance owed. 28 Declared and paid a $598 cash dividend
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