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Cordell Inc. experienced the following events in Year 1, itsfirst year of operation: Received $55,000 cash from the issue ofcommon stock. Performed services on account

Cordell Inc. experienced the following events in Year 1, itsfirst year of operation: Received $55,000 cash from the issue ofcommon stock. Performed services on account for $77,000. Paid a$5,500 cas 1 answer

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