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mi & Company has decided to open multiservice corporation in Dubai. During the first month of erations, December 2016, the following transactions have taken place.

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mi & Company has decided to open multiservice corporation in Dubai. During the first month of erations, December 2016, the following transactions have taken place. c. 3 Invested $400,000 cash in exchange of shares capital. 7 Purchased services supplies for $200,000 on account. 11 Paid to suppliers $160,000 cash. 15 Provided services to customers on account for $50,000. 25 Paid wages and salaries of $14,000 cash. aired: bare general journal entries to record the above transactions in Rami's books (omit explanations). st journal entries to cash account only. At the beginning of the current year, Huda Company had total assets of $200,000 and total equity of $150,000. During the year total assets increajd by $ 20,000 and total equity decreased by $30,0000 What are the amounts of assets, liabilities and equity at the end of the year? Use the below template for answer. Assets ...Liabilities............Equity Beginning Changes...... Ending

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