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20 1 oints eBook References All-Star Automotive Company experienced the following accoum 1. Performed services for $15,500 cash. 2. Purchased land for $8,500 cash.

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20 1 oints eBook References All-Star Automotive Company experienced the following accoum 1. Performed services for $15,500 cash. 2. Purchased land for $8,500 cash. 3. Hired an accountant to keep the books. 4. Received $45,000 cash from the issue of common stock. 5. Borrowed $11,000 cash from State Bank. 6. Paid $5,500 cash for salary expense. 7. Sold land for $11,000 cash. 8. Paid $4,500 cash on the loan from State Bank. 9. Paid $5,700 cash for utilities expense. 10. Paid a cash dividend of $2,500 to the stockholders. Required

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