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2 Began business by placing $7,200 in a business checking account in the name of the company. 3 Purchased supplies on account for $150.

2 Began business by placing $7,200 in a business checking accountin the name of the company.3 Purchased supplies on account for $150.4 Purchased 10 bicycles for $2,500, paying $1,200 down andagreeing to pay the rest in 30

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