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ABC Inc. recorded the following transactions during the month of July: July 1: Issued 1,000 shares of common stock at $10 per share. July 5:
ABC Inc. recorded the following transactions during the month of July:
- July 1: Issued 1,000 shares of common stock at $10 per share.
- July 5: Purchased office supplies for $500 cash.
- July 10: Provided services to clients on credit for $2,000.
- July 15: Paid $1,200 for utilities expense.
Record these transactions, ensuring appropriate recognition of assets, liabilities, revenues, and expenses.
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