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last option is Two Following are transactions of Gotebo Tanners, Inc., a new company, during t month of January Issued 10,000 shares of common stock
last option is Two
Following are transactions of Gotebo Tanners, Inc., a new company, during t month of January Issued 10,000 shares of common stock for $15,000 cash. Purchased land for $12,000, signing a note payable for the full amount. Purchased $3,000 of inventory on account. Purchased office equipment for $1,200 cash. Received cash of $14,000 for services provided to customers during the month. Purchased $300 of office supplies on account. Made an adjusting entry to recognize income taxes. Paid employees $10,000 for their first month's salaries. How many of these transactions increased their total liabilities?Step by Step Solution
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