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On December 1, Year 1, Wayne and Susan Li formed a corporation called French Broad...

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Accounting

On December 1, Year 1, Wayne and Susan Li formed a corporation called French Broad Equipment Rentals. The new corporation was able to begin operations immediately by purchasing the assets and taking over the location of Rent-It, an equipment rental company that was going out of business. The newly formed company uses the following accounts: create a journal entry for this

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