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1. Use the accounting equation to compute the missing financial statement amounts. Company Assets 11 Liabilities + 1 $ 75,000 = + $ Equity 40,000

1. Use the accounting equation to compute the missing financial statement amounts. Company Assets 11 Liabilities + 1 $ 75,000 = + $ Equity 40,000 70,000 = $ + $ N 25,000 20,000 3 $ 85,000 = $ +

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