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Tabular analysis
Tristan3406
Aug 25, 2007, 03:52 PM
Incurred $900 of advertising costs in the forest jones account. What categories do I put in assets and owners equity.
nicespringgirl
Aug 25, 2007, 05:08 PM
Increase account payable by $900(credit liability)
Decrease retained earnings by $900 (debit stockholder's equity)