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QUESTION 7 LO 2.3) P.2. Beerbo Inc. began its business in 2021. Below are transactions that occurred in the first month. a. Mr. Swaggins
QUESTION 7 LO 2.3) P.2. Beerbo Inc. began its business in 2021. Below are transactions that occurred in the first month. a. Mr. Swaggins invested $25,500 cash and $9,400 in office furniture for 100% of Beerbo stock. b. Beerbo purchased merchandise inventory of $1,500 with cash. c. Beerbo purchased office supplies of $700 on account. d. Beerbo paid employ salaries of $2,900 in cash. e. Beerbo paid $250 on account (related to transaction "c"). f. Beerbo earned $11,000 in consulting fees on account. g. Beerbo paid $2,000 in cash dividends. If Beerbo's beginning cash balance was zero, then it's ending cash balance (after inputing the transactions above) must have been $
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