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Consider the following transactions for Mittel Corporation: a. Sell common stock for $17,000. b. Purchase equipment for $12,000 cash. c. Pay employees salaries of $3,100.
Consider the following transactions for Mittel Corporation: a. Sell common stock for $17,000. b. Purchase equipment for $12,000 cash. c. Pay employees salaries of $3,100. d. Provide services to customers for $6,400 cash. 1. Post these transactions to the cash T-account. Assume the balance of cash before these transactions is $4,400.
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