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Transactions for 2018

1.Acquired $85,000 by issuing common

stock.

  • Received $135,000 cash for providing services to customers.
  • Borrowed $22,000 cash from creditors.
  • Paid expenses amounting to $53,000.
  • Purchased land for $35,000 cash.

 

Transactions for 2019

Beginning account balances for 2019 are:

Cash$154,000 Land 35,000 Notes payable 22,000 Common stock 85,000 Retained earnings 82,000 

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