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1. purchase of inventory for cash 2. purchase of inventory on account 3. payment of accounts payable 4. Daley of goods on account and the

1. purchase of inventory for cash 2. purchase of inventory on account 3. payment of accounts payable 4. Daley of goods on account and the charging of the cost of the goods sold as expense 5. collections of accounts receivable 6. payment of account payable 7. cash drawings of the business owner 8. payment of advanced rent 9. payment of supplies expense 10. obtaining a loan

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