For each of the following independent situations, fill in the shaded area with the appropriate dollar amount.

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For each of the following independent situations, fill in the shaded area with the appropriate dollar amount. You are provided with assets and liabilities on December 31, 2017, owners' equity on January 1, 2017, and revenue and expenses for 2017.

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Financial Accounting A Critical Approach

ISBN: 978-1259066528

4th edition

Authors: John Friedlan

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Question Posted: Feb 26, 2015 10:40 AM

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For each of the following independent situations, fill in the shaded area with the appropriate dollar amount.

Question:

Assets on Liabilities on Owners Equity on Revenue Dec. 31,Dec. 31, 2017Jan. 1, 2017 Expenses in 2017 +in 2017 2017 $295,000 550,000 Situation 1 S Situation 2 648,000 Situation 3 245,000 Situation 432,000 $29,000 $110,000 213,000 (50,000) 35,000 $210,000 250,000 300,000 220,000 10,000 65,000

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Financial Accounting A Critical Approach

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