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An equation analysis of the transactions made during August 2018 (the first month of the fiscal year) by Wildhorse Corporation is shown below. Each

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An equation analysis of the transactions made during August 2018 (the first month of the fiscal year) by Wildhorse Corporation is shown below. Each increase and decrease in shareholders' equity is explained. Assets Liabilities Accounts Accum. Cash + Receivable + Supplies + Equipment - Dep. = Accounts Payable Common Shares + Jul. 31 Bal. $12,200 $2,700 $200 $10,000 $600 $2,200 $20,000 S (1) +5,000 +5,000 (2) (1,100) +4,600 +3,500 (3) (730) +730 (4) +4,100 +4,800 (5) (1,700 ) (1,700 ) (6) (2,000) (7) (820) (8) +430 (430) (9) (2,500) (10) (130) (11) (12) (13) (400) +1,000 +510

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