Record the beginning account balances

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Question - As of December 31, 2018, Moss Company had total cash of $157,000, notes payable of $85,700, and common stock of $52,500. During 2019, Moss earned $37,000 of cash revenue, paid $20,500 for cash expenses, and paid a $3,100 cash dividend to the stockholders. Record the beginning account balances, revenue, expense, and dividend events under the appropriate elements of the accounting equation.

Reference no: EM132489820

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