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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 Assets Liabilities Stockholders' Equity Acc. Cash + Accts Rec Depr. Accts. + Supplies Equip. Equip. Pay + Unearn Serv. Rev. Sal/Wages Pay Com. Retaine Stock + Earning Bal. 2,680 + 2,792 + 1,072 + 9,600- 480- 2.208 + 384 + 592 9600 + 2,880
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