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The owner invested over 1 million in starting a new business, including cash, equipment, furniture, and supplies. They signed a 3-month lease requiring advance rent of 30,000 and obtained necessary permits costing 11,000. In the first month of operations, the business rendered services for cash, accounts receivable, and a promissory note totaling 650,000 and the owner withdrew 20,000 for personal use.
- Author
- Princess Nozal
- Language
- EN