Normally, mortgage brokers have nothing to lose by encouraging you to get a bigger loan than you may be able to afford.
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Answer:
attached table
Explanation:
for each transaction the acouting equation stand
As the sum ofthe three assets account is the same as the two liabiltiies account and the two equity account.
The revenues and expenses account were posted directly into retained earnings for the purpose of simplify the table.
<u>The expese account if needed to expand the table would be:</u>
(1) rent expense, (8)utilities expense, (11) interest expense and salaries expense (7) and (9)
