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Mashcka [7]
3 years ago
6

Brady Company entered into these transactions during May 2022, its first month of operations.

Business
1 answer:
Monica [59]3 years ago
4 0

The effect of each transaction on the accounting equation is to be shown in the attachment below.

The following information should be considered:

  • In the accounting equation, the total assets should be equivalent to the total liabilities & the shareholder equity.
  • It determined the financial position, performance of the company.
  • It is known as the presentation of the balance sheet.

In this way, the accounting equation should be prepared.

Learn more: brainly.com/question/14689492

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Explanation:

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3 years ago
On June 19, Don Co., a U.S. company, sold and delivered merchandise on a 30-day account to Cologne GmbH, a German corporation, f
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on the date of the settlement of the debt by Cologne GmbH, the spot rate is also considered which will be 200,[email protected] .995 = $199,000

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the difference of $1,400 ($199,000-$197,600) will now be noted in the books of Don Co as an exchange gain on the transaction.

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The scores you receive on the ACCUPLACER tests determine what?
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It determines wether or not you are ready for college-level studies or if  you'll need a few more preparatory classes.
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