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George Littlechild started a new kitchen and bath design business called Littlechild Enterprises. The following activities occurred during its first month of operations, March 2020:
George Littlechild started a new kitchen and bath design business called Littlechild Enterprises. The following activities occurred during its first month of operations, March 2020: Littlechild invested $190,000 cash and office equipment valued at $26,000 in the business. Purchased a small building for $660,000 to be used as an office. Paid $130,000 in cash and signed a note payable promising to pay the balance over several years. Purchased $3,600 of office supplies for cash. Purchased $78,000 of
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