Sales of services, $122,000, of which $36,600 was on credit. collected on accounts receivable, $25,000. issued shares of common stock in exchange for $13,000 in cash. paid salaries, $44,500 (of which $8,500 was for salaries payable). paid miscellaneous expenses, $24,000. purchased equipment for $15,500 in cash. paid $2,950 in cash dividends to shareholders.
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