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Gulf Waterworks Corporation provides plumbing services. Transactions during the first year of operations are given below. a ) Received $ 6 , 0 0 0
Gulf Waterworks Corporation provides plumbing services. Transactions during the first year of operations are given below.
a Received $ cash and issued common stock to Jason Robinson.
b Paid $ cash for equipment to be used for plumbing repairs.
c Borrowed $ from a local bank and deposited the money in the checking account.
d Paid $ rent for the year.
e Purchased $ of office supplies on account.
f Completed a plumbing repair project for a local lawyer and received $ cash.
Calculate the amount of total stockholders' equity at the end of the first year after recording the transactions. Assume office supplies of $ are left at the end of the year.
A $
B $
C $
D $
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