ng transactions. january 1 issue 10,000 shares of common stock in exchange for $33,000 in cash. january 5 purchase land for $19,500. a note payable is signed for the full amount. january 9 purchase storage container equipment for $8,100 cash. january 12 hire three employees for $2,100 per month. january 18 receive cash of $12,100 in rental fees for the current month. january 23 purchase office supplies for $2,100 on account. january 31 pay employees $6,300 for the first month's salaries.

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13-09-2022
Business

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ng transactions. january 1 issue 10,000 shares of common stock in exchange for $33,000 in cash. january 5 purchase land for $19,500. a note payable is signed for the full amount. january 9 purchase storage container equipment for $8,100 cash. january 12 hire three employees for $2,100 per month. january 18 receive cash of $12,100 in rental fees for the current month. january 23 purchase office supplies for $2,100 on account. january 31 pay employees $6,300 for the first month's salaries.

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khuranashilpa76 khuranashilpa76 · Answer 1 · 2022-09-17T20:14:54+02:00

A economic transaction is an agreement, or A financial transaction is an agreement, or communication, among a client and supplier to change gadgets, offerings, or property for payment. Any transaction involves a exchange within the fame of the budget of two or more businesses or people.

cash

substances

land

system

payments Payable 2,100

Notes Payable 19,500

not unusual stock 33,000

provider revenue 12,one hundred

Salaries price 6,three hundred

sixty six.700 66.700.

A mortgage is an excellent instance of a simply monetary transaction. The borrower requests a sure sum of money to make a large motive, as an example a car. The lender can pay out a lump sum. Over months or years, the borrower returns the money with hobby.

Learn more about financial transactions here

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