A business has the following transactions: The business is started by receiving cash from an...
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Accounting
A business has the following transactions: The business is started by receiving cash from an investor in exchange for common stock $20,798 The business purchases supplies on account $795 The business purchases furniture on account $3,614 The business renders services to various clients on account totaling $10,064 The business pays salaries $1,383 The business pays this months rent $4,858 The business pays for the supplies purchased on account The business collects from one of its clients for services rendered earlier in the month $2,515 What is total net income for the month
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