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Assume the November transactions for Camindo Co. are as follows: Received cash of $60,000 from investors in exchange for capital stock. Provided services of $16,
Assume the November transactions for Camindo Co. are as follows: Received cash of $60,000 from investors in exchange for capital stock. Provided services of $16, 300 on account. Purchased supplies on account $750. Received cash of $11, 800 from clients for services previously billed. Received $6, 250 for services provided from clients who paid cash. Paid $600 on account for supplies that had been purchased. Paid $3, 380 for a one-year insurance policy. Paid the following expenses: wages, $7, 800; utilities, $1,000; rent, $3, 750. Paid dividends of $2, 300 to stockholders. Record the transactions, using the integrated financial statement framework that follows: Calculate the November 30 cash balance and the amount of net income for November for Hoover Co. Ending cash balance Net income
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