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Prepare an equation analysis. (If a transaction results in decrease in Assets, Liabilities or Shareholders' Equity, place a negative sign (or parentheses) in front of

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Prepare an equation analysis. (If a transaction results in decrease in Assets, Liabilities or Shareholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. See Illustration 3.3 for exomple) Shareholders' Equity Retained Earnings Advertising Expense Dividends $ Service Revenue $ $ Selected transactions for Wildhorse Mallted during its first month of operations are presented below: Mar: 2 Issued common shares for $10,000 cash 4 Purchased used car for $1,900 cakh and $8,400 on account for use in the business. 10 Billed customers $2,400 for services performed. 13 Paid $375 cash to advertise business opening 25 Received $1,900 cash from customers bilied on March 10. 27 Paid amount owing for used car purchased on March 4. 30 Received $750 cash from a customer for services to be performed in April. 31 Declared and paid $200 of dividends to sharehoiders. (a) Prepare a basic analysis. Prepare an equation analysis. (If a transaction results in decrease in Assets, Liabilities or Shareholders' Equity, place a negative sig. parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. See Illustration 3.3 fo example.)

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