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Question - pronghorn corp has the following transactions

Question - Pronghorn Corp has the following transactions during August of the current year.

Aug. 1 - Issues shares of common stock to investors in exchange for $10,500.

Aug. 4 - Pays insurance in advance for 3 months, $2,200.

Aug. 16 - Receives $800 from clients for services rendered.

Aug. 27 - Pays the secretary $580 salary.

Required - Indicate the basic analysis and the debit-credit analysis.

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Accounting Basics: Question - pronghorn corp has the following transactions

Reference No:- TGS02376846

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