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Clary started his company on January 1, 2019.On January 1, 2019, Clary purchased equipment, paying $20,000 cash for the equipment.In addition, on the same day,

Clary started his company on January 1, 2019.On January 1, 2019, Clary purchased equipment, paying $20,000 cash for the equipment.In addition, on the same day, Clary was billed $4,500 for installation, which Clary will pay in 30 days.The equipment is expected to have no salvage value at the end of its five-year useful life.

Cash?

Noncash Assets?

Contra Assets?

Liabilities?

Contributed Capital?

Retained Earnings?

Revenue?

Expenses?

Net Income?

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