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Submit test Jenkins Company began business in June when stockholders invested $81,000 in the business, which in turn issued its common stock to them.
Submit test Jenkins Company began business in June when stockholders invested $81,000 in the business, which in turn issued its common stock to them. Jenkins Company then purchased a building for $41,000 cash and inventory for $21,000 cash, performed services for clients for $10,000 cash, purchased supplies for $5,000 cash, and paid utilities of $4,000. What is the amount of cash at the end of June? OA. $41,000 OB. $10,000 OC. $29,000 OD. $20,000
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