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2024 Summer INTRODUCTIOI
M Question 3-1.3 Chapter 1-H
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1.3 Chapter 1- Homework (i
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Record the transactions in the appropriate general ledger accounts. Record the amounts of revenue, expense, and dividends in the Retained Ear Provide the appropriate titles for these accounts in the last column of the table.
Note: Enter any decreases to account balances with a minus sign. Not all cells require entry.
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\table[[BETTER CORPORATION],[Event,Accounting Equation for Year 2,\table[[Accounts Titles for],[Retained Earnings]]],[Assets,=,\table[[\table[[Liabilities],[Notes],[Payable]]]],\table[[+],[+]],Stockholders' Equity],[Cash,+,Land,=,\table[[Common],[Stock]],+,\table[[Retained],[Earnings]]],[Balance 11?? Year 2,12,000,+,22,000,,=,12,200,,+,7,200,,+, r ,-,-,14,600,],[1.,,+,,=,,+,,=,,],[2.,,+,,=,,+,,1,,],[3.,,+,,=,,+,,1,,],[4.,,+,,=,,+,,1,,],[5.,,+,,=,,+,,1,,],[6.,,+,,=,,+,,1,,],[7.,,+,,=,,+,,1,,],[Totals,12,000,+,22,000,,=,12,200,+,7,200,1+,14,600,]]
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