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For the past several years, Emily Page has operated a part-timeconsulting business from her home. As of June 1, 2010, Emily decided to move ...  

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Related questions

For the past several years, Emily Page has operated a part-timeconsulting business
from her home. As of June 1, 2010, Emily decided to move to rentedquarters and to
operate the business, which was to be known as Bottom LineConsulting, on a full-time
basis. Bottom Line Consulting entered into the followingtransactions during June:
June 1. The following assets were received from Emily Page: cash,$20,000; accounts
receivable, $4,500; supplies, $2,000; and office equipment,$11,500. There were
no liabilities received.

1. Paid three months
For the past several years, Emily Page has operated a part-timeconsulting business
from her home. As of June 1, 2010, Emily decided to move to rentedquarters and to
operate the business, which was to be known as Bottom LineConsulting, on a full-time
basis. Bottom Line Consulting entered into the followingtransactions during June:
June 1. The following assets were received from Emily Page: cash,$20,000; accounts
receivable, $4,500; supplies, $2,000; and office equipment,$11,500. There were
no liabilities received.

1. Paid three months
For the past several years, Emily Page has operated a part-timeconsulting business
from her home. As of June 1, 2010, Emily decided to move to rentedquarters and to
operate the business, which was to be known as Bottom LineConsulting, on a full-time
basis. Bottom Line Consulting entered into the followingtransactions during June:
June 1. The following assets were received from Emily Page: cash,$20,000; accounts
receivable, $4,500; supplies, $2,000; and office equipment,$11,500. There were
no liabilities received.

1. Paid three months

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