Homework Answers
Question 4 of 10:
| Assets | = | Liabilities | + | Equity | |||||||||
| Equipment | - | Acc Depr-Equip | = | + | Common stock | + | Rev. | - | Exp. (Depr) | - | Div. | ||
| Bal. | $ 26,400 | - | $ - | = | $ - | + | $ - | + | $ - | - | $ - | - | $ - |
| Dec,31 | - | $ (3,300) | = | + | + | $ - | - | $ (3,300) | - | $ - | |||
| Adj.Bal | $ 26,400 | - | $ (3,300) | = | $ - | + | $ - | + | $ - | - | $ (3,300) | - | $ - |
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