Question: E5-2 (Effects oftransactions on accounts) Consider the same transactions as in E5-1, but this time complete the following chart, using a separate sheet of paper.

E5-2 (Effects oftransactions on accounts) Consider the same transactions as in E5-1, but this time complete the following chart, using a separate sheet of paper. Assets = Liabilities + Stockholders’ Equity Accounts Contributed Retained Trans. Cash Receivable Land = Notes Payable 4 Capital Earnings 1. 2. 3. 4. 5. 6. (Preparing the financial statementsfrom the accounts)

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