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= my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate Requirement

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= my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate Requirement General Journal Adjusting and Closing General Ledger Worksheet Income Statement Strnt of OE Bal Sheet Postclosing Analyze Compare the January 31 balance sheet you prepared with the December 31 balance sheet shown in Figure 6.4. 1. What changes occurred in total assets, liabilities, and the owner's ending capital? 2. What changes occurred in the Cash and Accounts Receivable accounts? 3. Has there been an improvement in the firm's financial position? Show less 1 Total assets Total liabilities Owner's capital Cash Accounts receivable Firm's financial position increased by increased by increased by increased by increased by increased by Amount $ 24,942 3,400 $ 21,542 X $ $ 200 $ 21,542 8,575 % 2 3

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