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Transparency Master 2-1
Assets = Liabilities + Owners Equity
OWNERS EQUITY ACCOUNTS
Used to Record
Revenues from Customers
Expenses Incurred in the
Process of Generating
Frontier Park was started on April I by H. Hillenmeyer. The following selected events and
transactions occurred during April.
Apr. Hillenmeyer invested $35,000 cash in the business.
Purchased land costing $27,000 for cash.