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1. Accounting transactions and financial statements (40 marks) Ashley Happiness is a small business selling variety of premium body oils. The balance sheet at the

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1. Accounting transactions and financial statements (40 marks) Ashley Happiness is a small business selling variety of premium body oils. The balance sheet at the end of December 2020 is shown below. ~ Ashley Happiness - Balance Sheet as at 31 December, 2020- Assets Liabilities & Owner's Equity Current Assets:( Current Liabilities:( Cash $40,000 Accounts Payable $9,000

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