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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 $6,000 cash and issued common stock to Jason Robinson.
b) Paid $3,000 cash for equipment to be used for plumbing repairs.
c) Borrowed $27,000 from a local bank and deposited the money in the checking account.
d) Paid $700 rent for the year.
e) Purchased $1,700 of office supplies on account.
f) Completed a plumbing repair project for a local lawyer and received $3,000 cash.
Calculate the amount of total stockholders' equity at the end of the first year after recording the transactions. Assume office supplies of $1,700 are left at the end of the year.
A. $8,300
B. $3,000
C. $27,000
D. $6,000
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