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On June 20, 2020, Lucie Majeau invested the following assets in a new sole proprietorship: cash, $12,000; office equipment, $6,000; land, $100,000; building, $115,000. Majeau owes the bank a $25,000 note payable that is secured by the land and building. Prepare the general journal entry to record Majeau's investments in the new business.
Particular Situation
A specific set of circumstances or context that is distinct from others.
Cultural Influences
Refers to the impact of a society's values, beliefs, traditions, and norms on the behavior, perceptions, and practices of individuals and organizations.
Same Culture
Refers to a group of individuals who share similar values, beliefs, practices, and norms within a society or organization.
Individualism
An ideology that supports the preference of individual independence over the oversight and control by groups or the state.
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