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-Issued 60,000 shares of capital stock to the owners of the corporation in exchange for $600,000 cash. -Purchased a piece of land for $250,000, making
-Issued 60,000 shares of capital stock to the owners of the corporation in exchange for $600,000 cash.
-Purchased a piece of land for $250,000, making an $80,000 cash down payment and signing a note payable for the balance.
-Made a $100,000 cash payment on the note payable from the purchase of land.
-Purchased equipment on credit from National Supply for $40,000.
Refer to the above data. What are total assets of Accurate Manufacturing at the end of June?
- $710,000
- $630,000
- $890,000
- $460,000.
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