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$60,000 debit During the month of July, the Scolari Corporation received $60,000 cash from investors, paid $25,000 cash for supplies, and purchased $10,000 of supplies
$60,000 debit During the month of July, the Scolari Corporation received $60,000 cash from investors, paid $25,000 cash for supplies, and purchased $10,000 of supplies on account Sto $60,000 credit The ending balance in the Commons Stock account for the month of July is $35,000 credit $35,000 debit
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