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1010 Module 1 Problems The Accounting Equation Dr. John Salvaggi is a chiropractor. As of...

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Accounting

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1010 Module 1 Problems The Accounting Equation Dr. John Salvaggi is a chiropractor. As of December 31, he owned the following property that related to his Cash $3,440 Office Equipment 6,351 X-ray Equipment 10,155 Laboratory Equipment 6,725 He also owes the following business suppliers: Chateau Gas Company $3,392 Aloe Medical Supply Company 4,015 Required: 1. From the preceding information, compute the accounting elements and enter them in the accounting equation shown as follows Owner's Equity Assets Liabilities 2. During January, the assets increase by $8,764, and the liabilities increase by $3,336. Compute the resulting accounting equation Owner's Equity Liabilities Assets 3. During February, the assets decrease by $3,328, and the liabilities Increase by $1,808. Compute the resuting accounting equation Owner's Equity Liabilities Assets Previous 1 more Check My Work uses remaining eck My Work Submit Assignment fo Save and Exi

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