Use the facts in Exercise 1-8 to prepare a November statement of changes in equity for The

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Use the facts in Exercise 1-8 to prepare a November statement of changes in equity for The Higgins Group, similar to Exhibit 1.9.
In exercise 1-10

Analysis Component: What activities caused equity to increase during the month of November 2014?

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Fundamental Accounting Principles

ISBN: 978-0071051507

Volume I, 14th Canadian Edition

Authors: Larson Kermit, Tilly Jensen

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Question Posted: Mar 08, 2016 07:31 AM

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Use the facts in Exercise 1-8 to prepare a November statement of changes in equity for The

Question:

16,000 Owner's withdrawals 3,360 ... 22,000 Consulting fees earned Accounts receivable.. 17,000 5,000 Rent expense. Automobiles.36,000 Salaries expens Office equipment. 25,250 Accounts payable.... 6,000 1,680 660 Telephone expense.. ....7 7,500 Utilities expenses. 84,000

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Analysis component The owner Jean Higgins invested 84000 of assets duri...View the full answer

Fundamental Accounting Principles

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