You will use your knowledge and resources in Chapters 2-3 to apply/record transactions (Tab1) and set up the financial statements (Tab2-4) with the information posed in the case study.
You do not have to do debit/credit entries, but instead record transactions to show the effect of the transaction.
For example, Transaction A — owner deposits $1,000 into the company account.
This would result as a +1,000 to Cash, AND +1,000 to Equity Capital.
This should make sense because it would balance the Balance Sheet and match each transaction equally.
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