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The following events apply to Montgomery Company for Year 1,its first year of operation: 1. Received cash of $37,000 from theissue of common stock. 2.

The following events apply to Montgomery Company for Year 1,its first year of operation: 1. Received cash of $37,000 from theissue of common stock. 2. Performed $56,000 of services on account.3. In 2 answers

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