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During the audit, auditors detected the following transaction was not recorded: Error: Company had purchased $10,000 equipment by paying $6,000 in cash and the rest
During the audit, auditors detected the following transaction was not recorded: Error: Company had purchased $10,000 equipment by paying $6,000 in cash and the rest on account. The transaction was not recorded. What would be the adjusted balances for the above items in the financial statements after accounting and recording for the above transaction. Scott: Attempt 3 Error: Company had purchased $10,000 equipment by paying $6,000 in cash and the rest on account. The transaction was not recorded. What would be the adjusted balances for the above items in the financial statements after accounting and recording for the above transaction. Example of Answer: Revenues =2000 Expenses =1800 Net Income =200 so on (No space, comma, decimal point, or $ sign) Show negative amount with a minus Example: Net Cash Flows from Operating Activities =3000 Revenues = Expenses = Net Income = Total Assets = Total Liabilities = Total SE= Net Cash Flows from Operating Activities = A Net Cash Flows from Investing Activities = A Net Cash Flows Financing Activities =
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