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Prepare a balance sheet with an expanded equity section

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Reference no: EM132963818

Question - M. Jacobs is a public accountant who decided to start a business of his own on October 1, 20-. At that time he invested $13200 cash plus a car worth $17500.

Required -

a) Journalize the transactions (NOTE: all necessary transactions will use HST).

b) Prepare a trial balance.

c) Prepare an income statement.

d) Prepare a balance sheet with an expanded equity section.

Reference no: EM132963818

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