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I need help evaluting these accounting transactions please. The firm buys land with $100,000 in cash to use in a future project. The firm uses
I need help evaluting these accounting transactions please.
The firm buys land with $100,000 in cash to use in a future project. The firm uses credit to purchase raw materials for production worth $15,000. A customer pays $7,500 to settle its account with the firm. The firm pays monthly rent and utilities of $6,000 in cash. The firm issued new long-term bonds at their par value of $100,000. This month's sales are $200,000, although the firm has received only $150,000 in cash so farStep by Step Solution
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