ACCT 301 Week 1 Homework

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ACCT 301 Week 1 Homework

ACCT 301 Week 1 Homework

Problem 1

Required: Identify the financial statement on which each of the following items appears by making an X in the appropriate column. The first one is done for you!

Problem 2

Required: Show the effects on the financial statements using a horizontal statement model as outlined below. The first one is done for you!