On October 1, 2009, Ebrahim launched a computer Services Company called Ebrahim Systems, which is organized as a sole proprietorship and provides

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On October 1, 2009, Ebrahim launched a computer Services Company called Ebrahim Systems, which is organized as a sole proprietorship and provides consulting services, computer system installations, and custom program development. Ebrahim adopts the calendar year for reporting purposes and expects to prepare the company’s first set of financial statements on December 31, 2009. Ebrahim completed the following transactions during the first three months of operations (ending December 31, 2009).-