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(Solved) : March 1 2018 Start Road Broad T Shirts Kiosk Outside Business College Following Events Occ Q34223585

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Answer to On March 1, 2018, you start “Road to Broad T-Shirts” in a kiosk outside the Business College. The following events o…

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On March 1, 2018, you start “Road to Broad T-Shirts” in a kioskoutside the Business College. The following events occurred duringthe month of March:

Investment: You use your savings of $60,000 tostart the business as a corporation as the only stockholder.

Kiosk Purchase: You buy a kiosk for $12,600cash. The kiosk will be useful for six months and will have novalue at the end of the sixth month.

Labor Cost: You hire your friend, Joey, to workthe kiosk. You pay him $800 on March 31, for his work during themonth of March.View full description