thorne inc experienced the following transactions for 2016 its first year of operations 1 issued common stock for 60000 cash/

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Required
a. Record the above transactions in general journal form and post them to T-accounts.
b. Prepare the income statement, statement of changes in stockholders equity, balance sheet, and statement of cash flows for Thorne Inc. for 2016.
c. What is the net realizable value of the accounts receivable at December 31, 2016?

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