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Stockholders invested $ 2 6 , 4 0 0 in the business in exchange for common stock. Obtained a bank loan for $ 7 ,

Stockholders invested $26,400 in the business in exchange for common stock.
Obtained a bank loan for $7,700 by issuing a note payable.
Paid $12,100 cash to buy equipment.
Paid $1,300 cash for April office rent.
Paid $1,600 for supplies.
Purchased $660 of advertising in the Daily Herald, on account.
Performed services for $19,800 : cash of $2,200 was received from customers, and the balance of $17,600 was billed to customers on account.
Paid $440 cash dividend to stockholders.
Paid the utility bill for the month, $2,200.
Paid Daily Herald the amount due in transaction (6)t
Paid $40 of interest on the bank loan obtained in transaction (2).
Paid employees' salaries and wages, $7,040.
Received $13,200 cash from customers billed in transaction (7).
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