To get the business going, Nathan decided to invest heavily in advertising. He spent $12,000...
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To get the business going, Nathan decided to invest heavily in advertising. He spent $ on advertising aimed at consumers. Nathan also purchased computers, printers, and other equipment needed for his retail store for $ He estimated that the equipment he purchased can be used for about five years before maintenance costs would be too high and they would need to be replaced. All equipment is estimated to be worth of their original cost at the end of their life.
At the end of the first year of business, Nathan had received $ in cash from customers, of which $ was cash paid in advance for preordered toys.
A review of Nathan's checkbook shows he paid the following in addition to those mentioned previously during the first year of business:
tableToys Beginning Inventory, Jan $
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