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16 September, 05:57

Rewrite the balance sheet given below to reflect decisions labeled a, b, c. Assets Liabilities and Owner's Equity Cash $ 15,000 Accounts Payable $ 4,750 Equipment $ 6,000 Owner's Equity: Investment $ 16,250 Total $ 21,000 Total $ 21,000 From cash, purchase equipment for $1,000 Pay $3,000 from cash for accounts payable Take $750 cash for salary Assets Liabilities and Owner's Equity Cash $ Accounts Payable $ Equipment $ Owner's Equity: Investment $ Total $ 17,250 Total $ 17,250

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  1. 16 September, 06:09
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    Rewrite the balance sheet given below to reflect decisions labeled a, b, c. Assets Liabilities and Owner's Equity Cash $ 15,000 Accounts Payable $ 4,750 Equipment $ 6,000 Owner's Equity: Investment $ 16,250 Total $ 21,000 Total $ 21,000 From cash, purchase equipment for $1,000 Pay $3,000 from cash for accounts payable Take $750 cash for salary Assets Liabilities and Owner's Equity Cash $ Accounts Payable $ Equipment $ Owner's Equity: Investment $ Total $ 17,250 Total $ 17,250
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