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a . Keith Jefferson opened a law firm by investing $ 2 1 , 0 0 0 cash and office furniture with a fair value

a. Keith Jefferson opened a law firm by investing $21,000 cash and office furniture with a fair value of $8,800. Organized as a professional corporation, the business issued common stock to Jefferson.
b. Paid monthly rent of $1,600.
c. Purchased office supplies on account, $600.
d. Paid employees' salaries of $2,500.
e. Paid $200 of the accounts payable created in transaction c.
f. Performed legal service on account, $10,200.
g. Declared and paid dividends of $2,100.
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