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Stanley and Jones Lawn Service Company ( S&J ) maintains its books on a cash basis. However, the company recently borrowed $ 2 9 0

Stanley and Jones Lawn Service Company

(

S&J

)

maintains its books on a cash basis. However, the company recently borrowed $

290, 000

from a local bank, and the bank requires S&J to provide annual financial statements prepared on an accrual basis. During

2021,

the following cash flows were recorded:

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