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Business, 20.03.2020 06:55 Jehovel

The following events occurred for Johnson Company: a. Received investment of $39,000 cash by organizers and distributed 1,190 shares of $1 par value common stock to them. b. Purchased $7,100 of equipment, paying $1,300 in cash and signing a note for the rest. c. Borrowed $15,000 cash from a bank.

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The following events occurred for Johnson Company: a. Received investment of $39,000 cash by organiz...
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