From the following statements which give the cumulative effects of individual transactions, you are required to state
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From the following statements which give the cumulative effects of individual transactions, you are required to state as fully as possible what transaction has taken place in each case. There is no need to copy out the table. The first column of data gives the opening position. Each of the other columns represents a transaction. It is these transactions (A–I) that you are to describe.
Transcribed Image Text:
Transaction: Assets Land and buildings Motor vehicles Office equipment Inventory Accounts receivable Bank Cash Liabilities Capital Loan from Lee Accounts payable A 000 000 450 450 95 100 48 110 188 22 15 933 48 110 188 27 15 933 B 000 450 100 48 110 188 22 11 929 C 000 F G H 000 000 000 575 575 275 275 100 100 100 100 48 48 48 48 110 110 110 110 188 188 108 108 108 172 47 127 427 77 11 11 11 11 11 1,079 1,079 1,079 1,079 729 E D 000 000 450 100 48 110 621 621 350 350 108 108 621 621 621 200 200 200 112 108 112 933 933 929 1,079 1,079 621 621 621 350 350 108 108 108 1,079 1,079 729 - 275 100 48 110 108 77 3 721 621 - 100 721 1 000 275 100 48 93 120 77 3 716 616 100 716
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Based on the image youve provided which shows a table of opening positions and changes to financial positions for various transactions AI we can deduc...View the full answer
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Related Book For
Frank Woods Business Accounting
ISBN: 9780273759287
12th Edition
Authors: Frank Wood. Sangster, Alan
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