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  3. olivia's apple orchard had the following transacti

Olivia's Apple Orchard had the following transactions during the month of September, the first month...

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Accounting

Olivia's Apple Orchard had the following transactions during the month of September, the first month in business. Complete the chart to determine the ending balances. As an example, the first transaction has been completed. For those boxes in which you must enter subtractive or negative numbers use a minus sign. If an amount box does not require an entry, leave it blank. Owner's Transaction Amount Asset Liability Equity Amount owed for land purchase $54,000 $54,000 $54,000 $0 Apple sales: cash 3,200 Apple sales: credit 6,500 Collections of credit sales 4,500 Cash purchase of equipment 12,000 Owner investments 30,000 Wages expenses paid 6,300 Fuel expenses paid 400 Amount owed for utility expense 1,500 Current Totals

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