On November 1, 2019, Cassius Company received $3,600 cash from a client for consulting services, to be provided evenly over the period October 1, 2019, to January 31, 2020, at which time Cassius credited $3,600 to unearned revenue.
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Centro-matic Company began the year with stockholders' equity of $15,000. During the year, Centro-matic issued additional shares of stock in exchange for cash of $21,000, recorded expenses of $60,000, and paid dividends of $4,000.
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