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Flounder Corp. has the following transactions during August of the current year. Aug. 1 Issues shares of common stock to investors in exchange for

Flounder Corp. has the following transactions during August of the current year. Aug. 1 Issues shares of common stock to investors in exchange for $10,110. Pays insurance in advance for 3 months, $1,800. 16 Receives $750 from clients for services rendered. 27 Pays the secretary $500 salary.

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