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Sheffield Companys tabular analysis at the beginning of October consisted of the following balances: Assets = Liabilities + Stockholders' Equity Retained Earnings Cash + Accounts

Sheffield Companys tabular analysis at the beginning of October consisted of the following balances:

Assets

=

Liabilities

+

Stockholders' Equity

Retained Earnings

Cash +

Accounts Receivable

=

Accounts Payable

+

Common Stock

+ Revenue - Expenses

Beg. Bal

$9490

$410

$2970

$6930

During October, the company issued additional shares of stock for proceeds of $2020. After recording this transaction in the tabular analysis, the company would report:

Assets $7880 = Liabilities $2970 + Stockholders Equity $4990

Assets $9490 = Liabilities $2970 + Stockholders Equity $6520

Assets $9900 = Liabilities $2970 + Stockholders Equity $8950

Assets $11920 = Liabilities $2970 + Stockholders Equity $8950

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