1. Business borrowed $3,940 from bank on a note due in six months. 2. Business...
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Accounting
1. Business borrowed $3,940 from bank on a note due in six months. 2. Business received $4,630 of cash from investors who were given shares of stock in exchange. 3. Business purchased $1,000 of equipment by giving $200 cash and a note payable in one year. 4. Business paid $300 for supplies. 5. Business bought and received $700 of supplies on an account payable monthly
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