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Martinez Equipment Repair began operating in September 2022. It prepares financial statements at the end of each month. On November 1, 2022, a tabular
Martinez Equipment Repair began operating in September 2022. It prepares financial statements at the end of each month. On November 1, 2022, a tabular summary includes the following information. Note that Martinez began the month with $2,880 in Retained Earnings. This balance represents the results of its first two months of business. Stockholders' Assets Liabilities Equity Acc. Unearn Accts. Depr Accts. Serv. Cash + Rec. + Supplies + Equip. Equip. Pay. + Rev. Sal/Wages + Pay. Com. Retained Stock Earnings tal. 2,6801 + 2,792 + 1,072 + 9,600- 480 2,208 384 592 +9,600 + 2,880
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