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1. Acquired $30, 000 cash from the issue of common stock.2. Purchased inventory for $18,000 cash.3. Sold inventory costing $15,000 for $32,000 cash.quired:a. Record the
1. Acquired $30, 000 cash from the issue of common stock.2. Purchased inventory for $18,000 cash.3. Sold inventory costing $15,000 for $32,000 cash.quired:a. Record the events in a statements model like the one shown below.Balance SheetAssetsEquityIncome StatementCash FlowCashInv.ComRetStkEarnRevExpNet Inc
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Survey of Accounting
Authors: Carl S. Warren
7th edition
1285974360, 1285183487, 9781285974361, 978-1285183480
