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The Following Are All of the Accounts of Vita Mix

Question 69

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The following are all of the accounts of Vita Mix Company that have a balance at the end of August,the company's first month of operation: The following are all of the accounts of Vita Mix Company that have a balance at the end of August,the company's first month of operation: All accounts have normal balances. (A)Calculate net income. (B)Calculate the amount of equity to be shown on the August 31 balance sheet. All accounts have normal balances.
(A)Calculate net income.
(B)Calculate the amount of equity to be shown on the August 31 balance sheet.

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