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In the first month of operations for Pocket Industries, the total of the debit entries to the cash account amounted to $8,000 ($4,000 investment by
In the first month of operations for Pocket Industries, the total of the debit entries to the cash account amounted to $8,000 ($4,000 investment by the owner and revenues of $4,000). Pocket Industries purchased a used computer for $1,000 and depreciation on a company computer for the year amounted to $150 . At the end of the month, the cash account has a(n)
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