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Chapter 1, problem 1-8A: J. D. Simpson started The Simpson Co., a new business that began operations on May 1. The Simpson Co. completed the
Chapter 1, problem 1-8A:
J. D. Simpson started The Simpson Co., a new business that began operations on May 1. The Simpson Co. completed the following transactions during its first month of operations. |
May 1 | J. D. Simpson invested $60,000 cash in the company in exchange for common stock. |
1 | The company rented a furnished office and paid $3,200 cash for May |
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