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svp [43]
3 years ago
9

Jenkins Company began business in June when stockholders invested $85,000 in the business, which in turn issued its common stock

to them. Jenkins Company then purchased a building for $43,000 cash and inventory for $24,000 cash, performed services for clients for $15,000 cash, purchased supplies for $7,000 cash, and paid utilities of $4,000 cash. What is the amount of cash at the end of June?
Business
1 answer:
mr_godi [17]3 years ago
4 0

Answer:

Cash at the end of June 22000

Explanation:

Invested 85000

 

Purchase Building -43000

Inventory        -24000

Services                15000

Purchase supplies -7000

Utilities                  -4000

 

Cash at the end of June 22000

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