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1 . Issued 2 , 6 0 0 shares of $ 0 . 0 1 par value common stock to investors for cash at $
Issued shares of $ par value common stock to investors for cash at $ per share. Borrowed $ from the bank to provide additional funding to begin operations; the note is due in two years. Paid $ cash for rent of a warehouse: $ for the current months rent and another $ for next months rent. Paid $ for a oneyear fire insurance policy on the warehouse recorded as a prepaid expense Purchased furniture and fixtures for the warehouse for $ paying $ cash and the rest on account. The amount is due within days. Purchased for $ cash Indiana University, University of Washington, Notre Dame, The University of Texas at Austin, The Ohio State University, and Michigan State University baseball caps as inventory to sell online. Placed advertisements on Google for a total of $ cash; the ads were run immediately. Record the entry for the sale of caps totaling $ half of which was charged on account. The cost of the caps sold was $ Record the entry for the cost of the sale of caps, which was sold for $ half of which was charged on account. The cost of the caps sold was $ Made full payment for the furniture and fixtures purchased on account in e Received $ from a customer on account.
Issued shares of $ par value common stock to investors for cash at $ per share. Borrowed $ from the bank to provide additional funding to begin operations; the note is due in two years. Paid $ cash for rent of a warehouse: $ for the current months rent and another $ for next months rent. Paid $ for a oneyear fire insurance policy on the warehouse recorded as a prepaid expense Purchased furniture and fixtures for the warehouse for $ paying $ cash and the rest on account. The amount is due within days. Purchased for $ cash Indiana University, University of Washington, Notre Dame, The University of Texas at Austin, The Ohio State University, and Michigan State University baseball caps as inventory to sell online. Placed advertisements on Google for a total of $ cash; the ads were run immediately. Record the entry for the sale of caps totaling $ half of which was charged on account. The cost of the caps sold was $ Record the entry for the cost of the sale of caps, which was sold for $ half of which was charged on account. The cost of the caps sold was $ Made full payment for the furniture and fixtures purchased on account in e Received $ from a customer on account.
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