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Question 3 View Police During 2002, sterw e g dres sing 9. Paldidendo 1200 way the Ung the ther 583E
Question 3 Current temple Propeu During 2002. its first year of operations de shares of cookies s in servir, Monty Corps ente
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Answer #1
Assets Liabilities Shareholders' Equity
Cash + Accounts Receivable + Supplies + Equipment = Accounts Payable + Bonds Payable + Common Stock + Revenues - Expenses
1) $509,000 + + + = + + $509,000 + -
2) $53,000 + + + = + $53,000 + + -
3) ($60,000) + + + $60,000 = + + + -
4) $14,000 + + + = + + + $14,000 -
5) + + $4,000 + = $4,000 + + + -
6) ($6,200) + + + = + + + - ($6,200)
7) + $11,900 + + = + + + $11,900 -
8) ($28,600) + + + = + + + - ($28,600)
9) ($11,200) + + + = + + + - ($11,200)
$470,000 + $11,900 + $4,000 + $60,000 = $4,000 + $53,000 + $509,000 + $25,900 - ($46,000)
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