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there are none...thequestion says to assume all retained items relate to the business.. PAS LO 2.3 The following ten transactions occurred during the July grand

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there are none...thequestion says to assume all retained items relate to the business..
PAS LO 2.3 The following ten transactions occurred during the July grand opening of the Pancake Palace. Assume all Retained Earnings transactions relate to the primary purpose of the business. Assets Cash Inventory Equipment Liabilities Accounts Wages Payable Payable Owner's Equity Common Retained Stock Earnings $50,000 $50,000 (6,000) $6,000 $22,000 $22,000 1 2 3 4 5 6 1,250 (750) 600 $ 1,250 (750) (600) (3,000) 3,200 (175) $3,000 3,200 175 8 9 10 Ending Balance 1,000 (1,000) E. Calculate the ending balance for each account. F. Create the income statement. G. Create the statement of owner's equity. H. Create the balance sheet

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