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ADJUSTMENT: The savings account generates a $ 3,000 interest to the business. TRANSACTION ANALYSIS: a.Accounts impacted: name and type b.Debits/credits c.Explain the transaction d.Explain the

ADJUSTMENT: The savings account generates a $ 3,000 interest to the business.

TRANSACTION ANALYSIS:

  • a.Accounts impacted: name and type
  • b.Debits/credits
  • c.Explain the transaction
  • d.Explain the impact on the balance sheet

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