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2. During January 2021, the records of the company were inadequate. You were asked to prepare the summary of the preceding transactions. To develop a
2. During January 2021, the records of the company were inadequate. You were asked to prepare the summary of the preceding transactions. To develop a quick assessment of their economic effects on East Hill Home Healthcare Services. (If a transaction does not require an entry, leave the cells blank. Enter any decreases to account balances with a minus sign.) Beg. 68,000 90,000 (10,000) 3,500 (16,000) a. b. C. d. e. Cash f. (5,900) 129,600 Assets Short-Term Investments 16,000 16,000 Notes Receivable $ Land Buildings Equipment 560,000 145,000 13,000 53,000 (3,500) 569,500 198,000 995,100 68,000 14,000 82,000 || 11 11 Liabilities Short- Term Notes Payable SA 150,500 5,900 156,400 Long-Term Notes Payable 150,500 + + 70,000 + 376,900 + + + + 220,500 + Shareholders' Equity Contributed Retained Capital Earnings $ 100,000 (90,000) 10,000 440,000 440,000 450,000
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