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12 X 01:09:00 Following are transactions of a new company during January: Issued 10,000 shares of common stock for $15,000 cash Purchased land for $12,000
12 X 01:09:00 Following are transactions of a new company during January: Issued 10,000 shares of common stock for $15,000 cash Purchased land for $12,000 by signing a note payable for the full amount Purchased office equipment for $1,200 cash Received cash of $14,000 for services provided to customers during the month Purchased $300 of office supplies on account Paid employees $10,000 for work during the current period. What is the total amount of liabilities following these six transactions? Multiple Choice O O $12,300 $22,600 $15,500
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