Jack Tasker opened his Auto Repair Shop in November 2014. The balance sheet at November 30, 2014,

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Jack Tasker opened his Auto Repair Shop in November 2014. The balance sheet at November 30, 2014, prepared by an inexperienced part-time bookkeeper, is shown below.

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Prepare a correct balance sheet.

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Fundamental Accounting Principles

ISBN: 978-0071051507

Volume I, 14th Canadian Edition

Authors: Larson Kermit, Tilly Jensen

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Question Posted: Mar 08, 2016 07:32 AM

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Jack Tasker opened his Auto Repair Shop in November 2014. The balance sheet at November 30, 2014,

Question:

Tasker Auto Repair Shop Balance Sheet November 30, 2014 Liabilities and Equity Parts and supplies...$14,175 Accounts receivable 47,250 Assets Cash 6,300 34,650 . 22,050 Jack Tasker, capital26,775 $89,775 ... Accounts payable.. . Equipment... Total income .. Total equities$89,775

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Fundamental Accounting Principles

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