Using the beginning account balances and the two following trans actions, determine a revised fundamental accounting equation.

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Using the beginning account balances and the two following trans¬

actions, determine a revised fundamental accounting equation.

Cash $71,000 Accounts Payable 10,000 J. Jones, Capital 61,000

a. Owner invested $1,000 cash

b. Paid $800 on account

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College Accounting Chapters 1-26

ISBN: 9780395796993

6th Edition

Authors: Douglas J. McQuaig, Patricia A. Bille

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Question Posted: Jun 27, 2024 02:07 AM

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Using the beginning account balances and the two following trans actions, determine a revised fundamental accounting equation.

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College Accounting Chapters 1-26

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