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help please 7. Buffalo repays a loan to a bank Cash C . Common stock c .Loan payable D QUESTIONS The Lewis Company is founded
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7. Buffalo repays a loan to a bank Cash C . Common stock c .Loan payable D QUESTIONS The Lewis Company is founded on July 1. During its first month, it records the following activities: On July 1, the founder A. Lewis, puts $6,000 cash into the business as a founding investment (ie. Lewis receives shares of common stocki. On July 6, the Lewis Co, purchases $2.500 of Inventory for cash. . On July 11, Lewis Co. acquires $3,000 of office equipment and computers. The purchase is under an installment payment plan, the first payment is due an August 12. . On July 28, Lewis Co. purchases an insurance policy, paying $200 cash. The policy takes effect on August 1. Answer the following a. What is the balance of cash at the end of July? b. What is balance of total assets at the end of July? c. What is the balance of total liabilities at the end of July? d. What is the balance of total owners' equity at the end of July? Click Save and submit to save and submit. Click Save All Antall answers 20 F3 DDD F4 F5 11 F1 F2 & # % $ 2 3 4 5 8 7 6 Step by Step Solution
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