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a. Issued 6,600 shares of common stock for $660,000 cash. b. Borrowed $178,000 cash from a local bank, payable in two years. c. Bought a
a. Issued 6,600 shares of common stock for
$660,000
cash.\ b. Borrowed
$178,000
cash from a local bank, payable in two years.\ c. Bought a building for
$235,000
; paid
$84,000
in cash and signed a three-year note for the\ balance.\ d. Paid cash for equipment that cost
$245,000
.\ e. Purchased supplies for
$51,250
on account. prepare a trial balance at july 31
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