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n The Fernando Corporation just started its business and during January recorded following events: 1) On January 2, Fernando invest 400,000 AED into business in

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n The Fernando Corporation just started its business and during January recorded following events: 1) On January 2, Fernando invest 400,000 AED into business in cash. 2) On January 5, pays AED 95,200 in advance to rent machines and equipment for one year. 3) On January 9, Purchase of land AED 800,000 paid cash (1/4), remaining part financed by the 8%, 5-year bank mortgage 4) On January 10, Fernando makes a sale for 220,000 AED for services provided to the customer, he receives 10% in cash and remaining balance on account (he bills the client), due on January 30. 5. On January 30, Fernando receives the full payment from the customer from transaction 4th. Required: A) Record the impact of the transaction into the table B) Show the ending balances of all accounts at the end. C. Check if the accounting equation is in the balance after each transaction D) Compute total assets and Total liabilities and Total Owners Equity. What is the final balance? A=LOE E) Calculate what is the performance of the company F) Whatis Ending Balance for capital Prepare the Owner's Equity Statement

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