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Sanchez Company engaged in the following transactions during Year 1: 1) Started the business by issuing $13,300 of common stock for cash. 2) The company

Sanchez Company engaged in the following transactions during Year 1: 1) Started the business by issuing $13,300 of common stock for cash. 2) The company paid cash to purchase $8,000 of inventory. 3) T...

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