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Transactions Events 1 . Using equipment over several years 2 . Investment of cash in the business by the owners in exchange for ownership shares
Transactions Events
Using equipment over several years
Investment of cash in the business by the owners in exchange for ownership shares
Borrowing cash from a bank and signing a promissory note for repayment
Using up insurance paid in advance
Purchase of equipment for cash
Sale of merchandise to customers on account
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Principles of Accounting
Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson
12th edition
978-1133603054, 113362698X, 9781285607047, 113360305X, 978-1133626985
