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Owner invested $16,500 cash in the business. Paid premium for two-year insurance policy, $1,500. Purchased a van valued at $35,000 with $5,000 down payment; the

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Owner invested $16,500 cash in the business. Paid premium for two-year insurance policy, $1,500. Purchased a van valued at $35,000 with $5,000 down payment; the balance to be paid over three years. Paid the rent for the month, $900. Purchased $420 of supplies for cash. Cash sales for the month, $8,750. Billed credit customers $14,200 for monthly services. Paid monthly utility bill, $210. Owner withdrew $2,200 for personal use. Received payments of $3,300 from credit customers

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