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M. Bonzales has the following transactions during August of the current year. Aug. 1Opens an office as a financial advisor, investing $8,000in cash.4Pays insurance in

M. Bonzales has the following transactions during August of the current year.

Aug. 1Opens an office as a financial advisor, investing $8,000in cash.4Pays insurance in advance for 6 months, $1,700cash.16Receives $4,200from clients for services performed.27Pays secretary $1,700salary.

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