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You have opened the Grocery Store on Jan 1, 2023. During the first moth of the operations, the following transactions occurred: Jan 1, Invested $15,000

You have opened the Grocery Store on Jan 1, 2023. During the first moth of the operations, the following transactions occurred: Jan 1, Invested $15,000 cash and equipment worth $5,000 in the business. Jan 2, Paid $1,000 cash for store rent for the month of January Jan 3, Borrowed $15,000 cash from the bank and signed $15,000, 6-month, 5 % note payable Jan 3, Purchased furniture for $20,000 cash Jan 6, Paid $1,200 for a one-year insurance policy Jan 10,

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