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Need help! Marsha Baer, physiotherapist, opened a practice. The business completed the following transactions: Aug 1Baer invested $32,000 cash to start her practice. The business
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Marsha Baer, physiotherapist, opened a practice. The business completed the following transactions: Aug 1Baer invested $32,000 cash to start her practice. The business issued shares to Baer. 1Purchased medical supplies on account totalling $9,000. 2Paid monthly office rent of $4,500. 3Recorded $7,500 revenue for service rendered to patients, received cash of $1,900, and sent bills to patients for the remainder. After these transactions, how much cash does the business have to work with? Use a T-account to show your answer. (Leave unused cells blank.) Cash Aug Aug BalStep by Step Solution
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