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The Ross Corporation had the following transactions Aug. 1 Owner invested $9,000 to start the company Aug. 1 Purchased $500 of supplies on account Purchased
The Ross Corporation had the following transactions Aug. 1 Owner invested $9,000 to start the company Aug. 1 Purchased $500 of supplies on account Purchased equipment for $10,000 that is estimated to Aug. 1 have a salvage value of $1,000 at the end of its 5 year useful life. Aug. 22 Paid $350 for advertising Aug. 29 Performed $800 of services to customers. Aug. 30 Reported supplies on hand of $100. After the transactions are recorded in the accounting framework, what amount of total assets would the company have
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