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Simple accounting equation: Use picture below to follow required Step 1, then Step 2, then Step 3 to complete the table below. Fill every blank
Simple accounting equation: Use picture below to follow "required" Step 1, then Step 2, then Step 3 to complete the table below. Fill every blank with a number with a comma.
P 2-8B The Accounting Equation (L01/2) Dr. Patricia Parsons is a dentist. As of January 31, Parsons owned the following property that related to her professional practice: SHOW ME HOW 5,940 Cash $3,560 Office Equipment 4,600 X-ray Equipment 8,760 Laboratory Equipment She also owes the following business suppliers: Cupples Gas Company $1,815 Swan Dental Lab 2,790 Required 1. From the preceding information, compute the accounting elements and enter them in the accounting equation as shown below. Assets Liabilities Owner's Equity 2. During February, the assets increase by $4,565, and the liabilities increase by $3,910. Compute the resulting accounting equation. 3. During March, the assets decrease by $2,190, and the liabilities increase by $1,650. Compute the resulting accounting equation. Assets Liabilities Owner's Equity 1. $ 2. $ $ 3. $Step by Step Solution
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