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Beta Company performed the following transactions during the month of May. May 1 Invested $108,000 cash in the business. May 11 Purchased building costing $36,000

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Beta Company performed the following transactions during the month of May. May 1 Invested $108,000 cash in the business. May 11 Purchased building costing $36,000 on account from Sam Automotive. May 14 Paid advertising bill, $4,500. May 17 Performed services on account totaling $6,300 May 19 Received $9,900 cash in advance from Adam Company for services expected to be completed by the end of July May 21 Purchased a machine for $10,800 cash. May 25 Paid salaries of $13,500. May 26 Paid half of balance due to Sam Automotive. May 28 Received $4,500 cash from customer billed in Jan 17 May 30 Purchased equipment costing $13,500 by signing a note to the supplier. 19- At the end of the month May, the cash ledger shows ending balance of: * Debit balance $93,600 Debit balance $71,100 Credit balance $71,100 Debit balance $75,600 Credit balance of $75,600

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