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Prepare journal entries for each transaction and identify thefinancial statement impact of each entry. The financial statements are automatically generated based on thejournal entries recorded.

Prepare journal entries for each transaction and identify thefinancial statement impact of each entry. The financial statements are automatically generated based on thejournal entries recorded. cumulative amount of a) Net Income (Loss), b) Total Assets, c) Total Llabilities, and d) Total Equity that would be reported on financial statements immediately after each transaction is recorded. (Hi 2 answers

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