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1) DEF Co. had the following transactions during the month a. shareholder deposits $100,000 into DEF Co's bank account in exchange for common stock

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1) DEF Co. had the following transactions during the month a. shareholder deposits $100,000 into DEF Co's bank account in exchange for common stock Cash 100,000 Stock b. DEF Co. borrows $500,000 from the bank to finance operations c. DEF Co. buys a building for $225,000 d. DEF Co. received $5,000 for sales; services are not yet to be provided e. DEF Co. received $10,000 for sales of services provided to customers f. DEF Co. sold $20,000 worth of products and services to customers on account g. DEF Co. paid $5,000 for monthly utility expenses Prepare DEF's Income Statement from the data above. (Cash Method) 109000.00 Prepare a Statement of Retained Earnings from the data above. (Cash Method) Prepare a Balance Sheet for DEF Co. from the above data. (Cash Method) CASH ABC Co. income Statement

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