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You are the accountant for XYZ Enterprises, a newly established retail company. During its first month of operations, the company engaged in the following hypothetical
You are the accountant for XYZ Enterprises, a newly established retail company. During its first month of operations, the company engaged in the following hypothetical transactions:
Investment by Owners: The owners invested $ cash into the business in exchange for common stock.
Office Space Rental Agreement: Signed a month lease for retail space, paying the first month's rent of $ in advance.
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