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1 Required information [The following information applies to the questions displayed below.] ...

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Accounting

1
Required information
[The following information applies to the questions displayed below.]
On December 1, Jasmin Ernst organized Ernst Consulting. On December 3, the owner contributed $83,010 in assets in exchange for its common stock to launch the business. On December 31, the company's records show the following items and amounts.
Cash
Accounts receivable
office supplies
office equipment
Land
Accounts payable
Common stock
\table[[$14,890,Cash dividends,$930
image

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