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Wyoming Co began its operations on January 1 2007

P-1. Wyoming Co. began its operations on January 1, 2007. During2007 it had the following cash transactions.

(a) The owners invested $10,000 in the business.

(b) Provided services to customers for $6,000.

(c) Borrowed $5,000 from the Local Bank.

(d) Incurred $2,500 in expenses.

(e) Made a $1,500 distribution to the owners.

Apr 19 2018 View more View Less

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