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Business, 30.11.2021 17:40 macybarham

T. Chin starts a business. Before he starts to sell anything, he buys fixtures at $2,000, a motor vehicle for $5,000 and stock of goods for $3,500. Although he has paid in full for the fixtures and the motor vehicle, he still owes $1,400 for some of the goods. J. Preston had lent Chin $3,000. Chin, after the above, has $2,800 in the business bank account and $100 cash in hand. You are required to calculate his capital.

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T. Chin starts a business. Before he starts to sell anything, he buys fixtures at $2,000, a motor ve...

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