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Unformatted text preview: operating activity (O). If you believe a particular account doesnt fit in any of these activities, explain why. 2. E1-13 ASSETS LIABILITIES AND STOCKHOLDERS EQUITY Cash $18,500 Accounts payable $4,000 Supplies $9,500 Equipment $40,000 Common stock 40,000 Dividents $10,000 Retained earnings 34,000 Total assets $78,000 Total Liabilities and stockholders equity $78,000...
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This note was uploaded on 01/06/2010 for the course ACCT 301 taught by Professor Na during the Spring '09 term at University of Phoenix.
- Spring '09