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Solution Assets =...

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Verified Solution

Question

Accounting

Solution

Assets

=

Liabilities

+

Equity

Date

Cash

+

Medical Supplies

+

Land

=

Accounts Payable

+

Smith, Capital

Smith, Withdrawal

+

Service Revenue

Salaries Expense

Rent Expense

Utilities Expense

July 6

+55,000

+55,000

Bal.

$55,000

=

+

$55,000

9

46,000

+46,000

=

Bal.

$ 9,000

+

$46,000

=

+

$55,000

12

Bal.

15

Bal.

20

Bal.

31

Bal.

31

Bal.

$13,300

+

$1,800

+

$46,000

=

$ 700

+

$55,000

+

$8,000

$1,600

$900

$100

Answer & Explanation Solved by verified expert
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