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Alice Leynes opened a janitorial business called Linis Janitorial and Maintenance Services. In October, she invested $200,000 cash. She purchased furniture for $30,000 on account and office equipment for $15,000 paying half up front. She borrowed $100,000 from the bank with a 90-day note. She paid salaries of $80,000 and utilities of $17,500. She billed and collected payments from clients totaling $100,000.

Author

Ylenna Escalon

Language

EN