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8 / 1 YOU filed a charter with the State of Louisiana to form the YOUR Accounting Corporation. The charter authorizes you to issue 5

8/1YOU filed a charter with the State of Louisiana to form the YOUR Accounting Corporation. The charter authorizes you to issue 5000 shares of $2 par common stock. The state charged you a $75 fee to file the charter. Since your business is not yet approved, you had to pay this fee using personal funds.9/1You received your charter from the State of Louisiana and officially opened your business. Your first order of business was to become a shareholder of YOUR Accounting Corp. To do this, you purchased 500 shares of common stock by issuing a check to YOUR Accounting Corp for $10,000.You used this money to open a checking account at First Funds Bank.9/1You rented an office for YOUR Accounting Corp. The monthly rent is $500, with the first months rent due immediately. You issue check #100to Office Builders for the first months rent.9/1You turned on utilities with Max Power Co. and WaterWorks #1. Max Power Co. collected a $50 deposit, which will be refunded after 3 months of service. Waterworks #1 collected a $20 deposit. You issued check #s 101 and 102, respectively.

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