Question: After reconciling its bank account Ross Equipment Company made the

After reconciling its bank account, Ross Equipment Company made the following adjusting entries:


Required
Identify the event depicted in each journal entry as asset source (AS), asset use (AU), asset exchange (AE), or claims exchange (CE). Also explain how each entry affects the accounting equation by placing a + for increase, – for decrease, or NA for not affected under the following components of the accounting equation.


The first event is recorded as anexample.
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  • CreatedOctober 26, 2013
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