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A) M. E. Carter launched Carter Company, a professional services firm on March 1. The firm will prepare financial statements at each month-end. In March

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A) M. E. Carter launched Carter Company, a professional services firm on March 1. The firm will prepare financial statements at each month-end. In March (its first month), Carter executed the following trans-actions. Enter the transactions below into the financial statement effects template shown in the module. I. Issue common stock for $10,000 cash II. Sell inventory costing $9,000 for $18,000 on credit . Receive $700 cash in advanced for future consulting services Pay $3,500 cash toward accounts payable V. The company paid $700 cash in dividends to Carter (owner) (10 Points) IV

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