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Brick Oven Corporation made the following expenditures during the first month of operations: Required: Determine the financial statement effects of the $131,500 in cash expenditures.

Brick Oven Corporation made the following expenditures during the first month of operations: Required: Determine the financial statement effects of the $131,500 in cash expenditures. Note: Amounts to be deducted should be indicated by a minus sign

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