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The following post - closing list of accounts was drawn from the accounts of Little Grocery Supplier ( LGS ) as of December 3 1

The following post-closing list of accounts was drawn from the accounts of Little Grocery Supplier (LGS) as of December 31, Year 2:
Cash
Accounts receivable
Allowance for doubtful accounts
Inventory
Accounts payable
Common stock
Retained earnings
Transactions for Year 3
Acquired an additional $9,100 cash from the issue of common stock.
Purchased $60,100 of inventory on account.
Sold inventory that cost $62,300 for $96,600. Sales were made on account.
The company wrote off $1,450 of uncollectible accounts.
On September 1, LGS loaned $10,500 to Eden Company. The note had an 8 percent interest rate and a one-year term.
Paid $15,740 cash for operating expenses.
The company collected $84,960 cash from accounts receivable.
A cash payment of $50,610 was paid on accounts payable.
The company paid a $4,400 cash dividend to the stockholders.
Uncollectible accounts are estimated to be 1 percent of sales on account.
Recorded the accrued interest at December 31, Year 3(see item 5).
Exercise 7-15A (Algo) Part a
Required:
a. Organize the transaction data in accounts under an accounting equation.
Note: Enter any decreases to account balances and cash outflows with a minus sign. For changes on the Statement of Cash Flows, indicate whether the item is an operating activity (OA), investing activity (IA), or financing activity (FA). Not all cells require input.
\table[[LITTLE GROCERY SUPPLIER (LGS)],[Accounting Equation for Year 3],[Event,Assets,\table[[=
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