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Required a. Organize the transaction data in accounts under an accounting equation. p. Prepare an income statement, a balance sheet, and a statement of
Required a. Organize the transaction data in accounts under an accounting equation. p. Prepare an income statement, a balance sheet, and a statement of cash flows for Year 1. Complete this question by entering your answers in the tabs below. Req A Req B1 Req B2 Req B3 Organize the transaction data in accounts under an accounting equation. (Enter any decreases to account balances with a minus sign. If there is no effect on the Accounts Titles for Retained Earnings, leave the cell blank. Not all cells will require entry.) Event Year 1 HOLMES CLEANING SERVICE Horizontal Statements Model Balance Sheet Assets Equity Cash + NRV Accounts Receivable Retained Earnings 1. + 2. + 3. + 4. Bal. Accounts Titles for Retained Earnings
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