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Following is a list of the accounts and their balances on August 31, 20XX for Tim Hopewell, Child Psychologist. Instructions 1. Prepare an income statement

image text in transcribed Following is a list of the accounts and their balances on August 31, 20XX for Tim Hopewell, Child Psychologist. Instructions 1. Prepare an income statement for the month ended August 31,20XX. 2. Prepare a balance sheet as of August 31,20XX that details the changes in the capital account in the owner's equity

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