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Sanchez Company engaged in the following transactions during 2015:
1) Started the business by issuing $42,000 of common stock for cash.
2) The company paid cash to purchase $26,400 of inventory.
3) The company sold inventory that cost $16,000 for $30,600 cash.
4) Operating expenses incurred and paid during the year,$14,000.
Sanchez Company engaged in the following transactions during 2016:
1) The company paid cash to purchase $35,200 of inventory.
2) The company sold inventory that cost $32,800 for $57,000 cash.
3) Operating expenses incurred and paid during the year,$18,000.
Note: Sanchez uses the perpetual inventory system.
-The balance in the inventory account shown at December 31,2016 is:
Economic Factors
Elements that influence consumer behavior, business operations, and economic policies, including inflation, unemployment rates, and interest rates.
Affluent Young Adults
Young individuals who possess significant financial wealth or high-income levels.
Living at Home
Residing in one's family home, often implying the presence of parents or relatives, typically used in reference to adults or young adults.
Marital Role Strain
Stress experienced by an individual due to the challenges and demands associated with their role within a marriage.
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