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Borrowed $3,940 from a local bank on a note due in sixmonths.Received $4,630 cash from investors and issued common stockto them.Purchased $1,000 in equipment, paying

Borrowed $3,940 from a local bank on a note due in sixmonths.Received $4,630 cash from investors and issued common stockto them.Purchased $1,000 in equipment, paying $200 cash andpromising the re 1 answer

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