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Alcorn Service Company was formed on January 1 , Year 1 . Events Affecting the Year 1 Accounting Period Acquired $ 6 6 , 0
Alcorn Service Company was formed on January Year
Events Affecting the Year Accounting Period
Acquired $ cash from the issue of common stock.
Purchased $ of supplies on account.
Purchased land that cost $ cash.
Paid $ cash to settle accounts payable created in Event
Recognized revenue on account of $
Paid $ cash for other operating expenses.
Collected $ cash from accounts receivable.
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