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Record the events in accounts under an accounting equation

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Reference no: EM133056780

Question - Life, Inc. experienced the following events in Year 1, its first year of operation:

1. Performed counseling services for $19,600 cash.

2. On February 1, Year 1, paid $13,200 cash to rent office space for the coming year.

3. Adjusted the accounts to reflect the amount of rent used during the year.

Required - Record the events in accounts under an accounting equation.

Reference no: EM133056780

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