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ENTRIES: 1. Began operations on 1/1/2012 with issuance of 10,000 shares at $15 each 2. Acquired building for $80,000 and equipment for $40,000. The firm

ENTRIES: 1. Began operations on 1/1/2012 with issuance of 10,000 shares at $15 each 2. Acquired building for $80,000 and equipment for $40,000. The firm pays $60,000 cash and finances the rest with a ...

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