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please answer all parts EA 19. LO 3.5 A business has the following transactions: - The business is started by receiving cash from an investor
please answer all parts
EA 19. LO 3.5 A business has the following transactions: - The business is started by receiving cash from an investor in exchange for common stock $20,000 - The business purchases supplies on account $500 - The business purchases furniture on account $2,000 - The business renders services to various clients on account totaling $9,000 - The business pays salaries $2,000 - The business pays this month's rent $3,000 - The business pays for the supplies purchased on account. - The business collects from one of its clients for services rendered earlier in the month $1,500. What is total income for the month Step by Step Solution
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To calculate the total income for the month we need to focus on the revenues generated by the busine...
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