Use the facts in Exercise 1-9 to prepare a November statement of changes in equity for Extraordinary

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Use the facts in Exercise 1-9 to prepare a November statement of changes in equity for Extraordinary Studios, similar to Exhibit 1.9. Analysis Component: What activities caused equity to increase during the month of November 2020?

Exhibit 1.9

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Exercise 1-9

On November 1, 2020, Jean Higgins started a wedding planning company, Extraordinary Studios. On November 30, 2020, the company?s records showed the following items. Use this information to prepare a November income statement for the business, similar to Exhibit 1.8.

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Fundamental Accounting Principles Volume I

ISBN: 978-1260305821

16th Canadian edition

Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann

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