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An analysis of the transactions made by Cookie Mountain Legal, a law firm, for the month of July is shown below. Each increase and decrease
An analysis of the transactions made by Cookie Mountain Legal, a law firm, for the month of July is shown below. Each increase and decrease in retained earnings is explained.
An analysis of the transactions made by Cookie Mountain Legal, a law firm, for the month of July is shown below. Each increase and decrease in retained earnings is explained Liab Stockholders' Equity Retained Earnings Asset Accounts Accounts Cash +Receivable +Supplies+EquipmentPayable +Com Stock+Rev.Exp- Div 15,000 1. +$15,000 2,000 -750 +2,500 -1,500 2,500 -750 +550 -4,500 +$5,000 +$3,000 +$750 +$6,600 +$9,100 Rev -1,500 $2,500 Div $750 Rent. 550 $4,500 500 Sal Uti 10 +500 Prepare a balance sheet at July 31, 2015. (List Assets in order of liquidity.)Step by Step Solution
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