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Can anybody help with the xs over the boxes I need help with those. The beginning balance is $10,400 All-Star Automotive Company experienced the following
Can anybody help with the xs over the boxes I need help with those. The beginning balance is $10,400 All-Star Automotive Company experienced the following accounting events during Year 1: 1. Performed services for $15,400 cash. 2. Purchased land for $8,400 cash. 3. Hired an accountant to keep the books. 4. Received $44,000 cash from the issue of common stock. 5. Borrowed $10.800 cash from State Bank. 6. Paid $5,400 cash for salary expense. 7. Sold land for $10,800 cash. 8. Paid $4,400 cash on the loan from State Bank. 9. Paid $5,600 cash for utilities expense. 10. Paid a cash dividend of $2,400 to the stockholders
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