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Business, 25.02.2020 03:40 Pookaapoo8832

During its first year of operations, a company entered into the following transactions: Borrowed $5,030 from the bank by signing a promissory note. Issued stock to owners for $10,300. Purchased $1,030 of supplies on account. Paid $430 to suppliers as payment on account for the supplies purchased. What is the amount of total liabilities at the end of the year?

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