The following transactions are for the month of July for a new business XYZ Inc that started business July 1 20XXa Opened a business account in the name of XYZ Inc with a deposit of 30000 in exchange for capital stockb Received cash from fees earned 9000c Paid rent on office for the month 1000d Paid commission expense for the month 2000e

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Answer Statement of cash flow activity Description Balance sheet Income statement Item description A... View the full answer