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The Effects of Transactions Occurring During 2013 and Their Related

Question 113

Essay

The effects of transactions occurring during 2013 and their related end-of-year adjustments have been recorded below using the accounting equation. The effects of transactions occurring during 2013 and their related end-of-year adjustments have been recorded below using the accounting equation. Required: With your knowledge of transaction analysis using an accounting equation, a) Prepare an income statement for 2013, and b) Prepare a statement of cash flows for 2013. Required:
With your knowledge of transaction analysis using an accounting equation,
a) Prepare an income statement for 2013, and
b) Prepare a statement of cash flows for 2013.

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