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Holden Graham started The Graham Co., a new business that began operations on May 1. The Graham Co. completed the following transactions during its first

Holden Graham started The Graham Co., a new business that began operations on May 1. The Graham Co. completed the following transactions during its first month of operations.

May 1

H. Graham invested $42,500 cash in the company in exchange for its common stock.

1

The company rented a furnished office and paid $2,400 cash for May

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