The following equation shows the effects of a number of transactions that took place at Brock Auto Repair Company during the month of July Describe each transaction Assets Liabilities Owner's Equity Accounts Accounts Horace Brock Capital Cash ReceivableEquipmentPayable Revenue Expenses Bal $82,000$...

Services were performed for cash Equipment was pur ...

The following equation shows the effects of a number of transactions that took place at Brock Auto

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The following equation shows the effects of a number of transactions that took place at Brock Auto Repair Company during the month of July. Describe each transaction.

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College Accounting A Contemporary Approach

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Authors: David Haddock, John Price, Michael Farina

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Question Posted: Jun 24, 2017 08:33 AM

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The following equation shows the effects of a number of transactions that took place at Brock Auto

Question:

Assets Liabilities+ Owner's Equity Accounts Accounts Horace Brock Capital Cash +ReceivableEquipmentPayable+ Revenue- -Expenses Bal. $82,000$8,000$6 1. +12,000 2. 3 4 5 0,000$40,000$110,000+ +$12,000 7,800 4,200 -6,910 +1,800 +7,800 4,200 +$6,910 1,800 +13,380 +13,380 7. 4,320 +4,320

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