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Assets Liabilities Fixed Asset(Equipment) 800000 Owners equity Inventory (Materials) 100000 Mr Baggins equity 400000 Cash 100000 Mr Ant Equity 600000 Total 1000000 Total 1000000 Business

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Assets Liabilities
Fixed Asset(Equipment) 800000 Owners equity
Inventory (Materials) 100000 Mr Baggins equity 400000
Cash 100000 Mr Ant Equity 600000
Total 1000000 Total 1000000
Business of Mr. Baggins and Mr. Ant Step 1 Mr. Baggins decided to do business in the production of rapidly decomposing plastic bags. Because he had only CZK 400.000, he persuaded his friend Mr. Ant to put his funds into the company in the amount of CZK 600.000, otherwise Put together a balance sheet

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