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Nicole Huntington opens a research services business near a college campus. She names the corporation Huntington Research Inc. During the first month of operations,
Nicole Huntington opens a research services business near a college campus. She names the corporation Huntington Research Inc. During the first month of operations, February 2020, the business engages in these transactions. (Click the icon to view the transactions.) Requirements 1. Analyze the preceding transactions in terms of their effects on the accounting equation of Huntington Research Inc. 2. Prepare the income statement, statement of retained earnings, and balance sheet of Huntington Research Inc. after recording the transactions. Indicate the relationships within the statements that link them together.
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