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gulaghasi [49]
3 years ago
5

The following transactions were completed by the company.

Business
1 answer:
Nana76 [90]3 years ago
3 0

Answer:

Since there is not enough room here, I used an excel spreadsheet to answer the question.

Assets increased by $8,440

Stockholders' equity increased by $8,440

Revenues increased by $8,440

Cash flows increased by $6,040

Explanation:

The accounting equation: Assets = Liabilities + Stockholders' Equity, basically represents how the double entry accounting system works. One side (assets) must always be equal to the other side (liabilities + stockholders' equity).

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The following information is available regarding John Smith's capital account in Technology Consulting Group, a general partners
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