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Explain the main characteristics of the balance sheet

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Reference no: EM133181442

1. Record the January 2020 transactions by adding and subtracting amounts in the rows of the following table in a way that the row totals represent the end of the month balances in the financial statements. (fill in the shaded area as needed)

2. Explain the main characteristics of the balance sheet and the income statement and the relationship between those two statements.

Reference no: EM133181442

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