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The Balance Sheet at the beginning of the month shows Total Assets of $35,850 and during the month the following transactions occurred: (a) Purchase of
The Balance Sheet at the beginning of the month shows Total Assets of $35,850 and during the month the following transactions occurred: (a) Purchase of $10,200 of inventory for cash; (b) Purchase of $30,000 of machinery on account; and (c) Retirement of $10,200 of debt with cash. Required: What are Total Assets at the end of the month? $
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