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Business, 26.03.2020 22:28 toxsicity

Following are transactions of ABC, a new company, during the month of January: 1. Issued 10,000 shares of common stock for $15,000 cash. - asset 2. Purchased land for $12,000, signing a note payable for the full amount. - liabilities 3. Purchased office equipment for $1,200 cash. - asset 4. Received cash of $14,000 for services provided to customers during the month. - asset 5. Purchased $300 of office supplies on account. - asset 6. Paid employees $10,000 for their first month's salaries. - asset How many of these transactions decreased ABC's total assets

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Following are transactions of ABC, a new company, during the month of January: 1. Issued 10,000 shar...
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