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Required information [ The following information applies to the questions displayed below. ] The beginning account balances for Terry's Auto Shop as of January 1

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[The following information applies to the questions displayed below.]
The beginning account balances for Terry's Auto Shop as of January 1, Year 2, follow:
\table[[,Beginning],[Account Titles,Balances],[Cash,$6,080
TERRY'S AUTO SHOP
Effect of Events on the Financial Statements
\table[[Events,Assets,\table[[=

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