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During the first month of operations the following transactions occurred. Stockholders invested 20,000 SR cash In the business. Paid 1,000 SR cash for store rent

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During the first month of operations the following transactions occurred. Stockholders invested 20,000 SR cash In the business. Paid 1,000 SR cash for store rent for the month of September. Purchased washers and dryers for 25,000 SR Paid 1,200 SR for one year accident insurance policy. Declared and paid a 700 SR cash dividend to stockholders. Determined that cash receipts for laundry fees for the month were 6,200 SR

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