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Calculate the missing amounts in the accounting equation applied to Business A, assuming that: a. Assets decreased by $19,500 during August. Assets at August 31,
Calculate the missing amounts in the accounting equation applied to Business A, assuming that: a. Assets decreased by $19,500 during August. Assets at August 31, 2020 are $34,000. Assets = Liabilities + Equity $19,000 At August 1, 2020 b. Liabilities increased by $9,900 during August. Liabilities at August 1, 2020 are $19,000. Equity Assets = Liabilities + $ 34,000 At August 31, 2020
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