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Agave Moss is a fashion consulting company operating out of the Pacific Northwest. The company...

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Accounting

Agave Moss is a fashion consulting company operating out of the Pacific Northwest. The company experienced the following events during Year 1:
Acquired $506,000 cash from the issuance of common stock.
Purchased land for $206,000 cash.
Borrowed $81,500 from a local bank.
Provided consulting services to customers for $156,000 cash throughout the year.

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