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Bell Company, a fitness enthusiast, buys an existing exercise center, Body Firm. The following chart of accounts now applies: Bell deposited $100,000 in a bank

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Bell Company, a fitness enthusiast, buys an existing exercise center, Body Firm. The following chart of accounts now applies: Bell deposited $100,000 in a bank account for the purpose of buying Body Firm. Bought the assets of Body Finn for a total price of $188,000. The assets include equipment, $28,000; building. $96,000; and land, $64,000. Made a down payment of $89,000 and signed a mortgage note for the remainder. Bought additional equipment from Fitness Supply Co. on account for $3,550, paying $710 down, with balance due in thirty days. Celebrated the grand opening of Body Firm. Advertising expenses were paid in cash for the following: Received fees for daily use of the facilities. $ 1.152. Paid wages for the period April 17 through April 30, $833 Received and paid electric bill, $129. Received and paid repair bill, $96. Bell withdrew $600 for personal use. Bell Company, a fitness enthusiast, buys an existing exercise center, Body Firm. The following chart of accounts now applies: Bell deposited $100,000 in a bank account for the purpose of buying Body Firm. Bought the assets of Body Finn for a total price of $188,000. The assets include equipment, $28,000; building. $96,000; and land, $64,000. Made a down payment of $89,000 and signed a mortgage note for the remainder. Bought additional equipment from Fitness Supply Co. on account for $3,550, paying $710 down, with balance due in thirty days. Celebrated the grand opening of Body Firm. Advertising expenses were paid in cash for the following: Received fees for daily use of the facilities. $ 1.152. Paid wages for the period April 17 through April 30, $833 Received and paid electric bill, $129. Received and paid repair bill, $96. Bell withdrew $600 for personal use

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