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Question 2: The following amounts summarize the financial position of H&R Young Corp. on May 31. ASSETS Cash A/R = LIABILITIES + OWNER'S EQUITY
Question 2: The following amounts summarize the financial position of H&R Young Corp. on May 31. ASSETS Cash A/R = LIABILITIES + OWNER'S EQUITY Supplies A/P Capital 3096 5832 43380 9720 42588 According to the following transactions prepare a cash flow statement. Transaction: a) Performed service and send $4000 bill to the customer b) Withdrew $2000 for personal use c) Received $2000 of A/R issued in transaction (a) d) Purchased equipment $1,300 and paid $300 in cash and the remaining on account e) Paid $1500 of electricity bill 1) Paid $500 on account that issued in the transaction (d) from personal account
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