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Carlos Young started an engineering firm called Young Engineering. He began operations in March 2023 and completed seven transactions, including his initial investment of $17,000
Carlos Young started an engineering firm called Young Engineering. He began operations in March 2023 and completed seven transactions, including his initial investment of $17,000 cash. After these transactions, the ledger included the following accounts with their normal balances: Cash Office supplies Prepaid insurance Office equipment Accounts payable Carlos Young, capital Carlos Young, withdrawals Engineering revenue Rent expense $ 26,660 660 3,200 16,500 16,500 17,000 3,740 24,000 6,740
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