. Business exchanges. Identify the transactions from the following story. For each, identify the give and get...

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. Business exchanges. Identify the transactions from the following story. For each, identify the give and get portion. Who would be interested in this information? (LO 1,3) Bonnie Lawhon decided to start a business for herself breeding AKC miniature dachshunds. As a talented breeder who gave puppies to her friends and family, she decided to open a small kennel with \(\$ 6,500\) of her own money. She received common stock in exchange. The business had concrete poured and fences installed to give the dogs and puppies shelter at a cost of \(\$ 3,250\), paid in cash. Then, Bonnie's business hired a consultant to design and maintain a Web page for the company at a cost of \(\$ 200\) for the original design and \(\$ 25\) a month maintenance. She paid for the design and one month's maintenance fee. The business required a separate mobile phone to be purchased at a cost of \(\$ 169\) cash. Then, the business put an advertisement in the local newspaper, at a cost of \(\$ 20\) per month for weekly ads. The business paid cash for one month's advertising. The business was ready to go.

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Financial Accounting

ISBN: 9780131492011

1st Edition

Authors: Jane L. Reimers

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