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During October, the following transactions of the business took place. (Note GST is ignored). 1. The owner invested cash of $40,000 to start the business.

During October, the following transactions of the business took place. (Note GST is ignored). 1. The owner invested cash of $40,000 to start the business. 2. The shop borrowed $15,000 from the bank. Time left 0:29 Flag question LAINT 3. A 6-month shop supplies inventory (boxes, scissors, tape, glue gun, ribbon, etc.) was purchased for $3,000 cash. 4. 5. Office equipment was purchased at the cost of $10,000 in cash. Inventory of $25,000 was purchased, $10,000 c

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