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On September 1, 2014, Fast Track, Inc

Question 123

Essay

On September 1, 2014, Fast Track, Inc. was started with $30,000 invested by the owners as contributed capital. On September 30, 2014, the accounting records contained the following amounts:
Required:
Prepare a statement of stockholders' equity for September, the first month of operation. Ignore income taxes.

Correct Answer:

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