(Note: Increase owners equity capital account.) Required a. Use the basic accounting equation to show the effects...
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(Note: Increase owners’ equity capital account.)
Required
a. Use the basic accounting equation to show the effects of the transactions and any necessary accruals during Susan’s first year of business.
b. Based on that analysis, prepare a balance sheet and an income statement for the first year. p-968
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Related Book For 
Financial Accounting Reporting And Analysis
ISBN: 9780324149999
6th Edition
Authors: Earl K. Stice, James Stice, Michael Diamond, James D. Stice
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