Assume Downer.com was organized on May 1, to compete with Despair, Inc.-a company that sells de-motivational posters and office products. The following events occurred during the first month of Downer.com’s operations. a. Received $76,000 cash from the investors who organized Downer.com Corporation. b. Borrowed $28,000 cash and signed a note due in two years. c. Ordered computer equipment costing

Sep 8, 2023

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Assume Downer.com was organized on May 1, to compete with Despair, Inc.-a company that sells de-motivational posters and office products. The following events occurred during the first month of Downer.com’s operations. a. Received $76,000 cash from the investors who organized Downer.com Corporation. b. Borrowed $28,000 cash and signed a note due in two years. c. Ordered computer equipment costing
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