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cash $19,040 account payable $27,200 supplies $3,000 accounts receivable (11,560 ) equipment 65,280 common stock 60,120 retained earnings 11,560 total assets $87,320 total liabilities and

cash $19,040 account payable $27,200

supplies $3,000 accounts receivable (11,560 )

equipment 65,280 common stock 60,120

retained earnings 11,560

total assets $87,320 total liabilities and stockholders' equity $87,320

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