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Tides Tea Company began operations on January 1, 2015. During its first year, the company had various business transactions including investing $200,000 for common stock, purchasing factory equipment for $45,000 using a long-term note, and paying $27,000 in rent for the year. The company also recorded sales revenue, paid expenses such as wages and utilities, and paid a $25,000 dividend at year-end.

Author

Taimour Hassan

Language

EN