Don't use Ai.Answer in step by step with explanation. 4. Determine the following:a. Amount of total revenue recorded in the ledger.xb. Amount of total expenses recorded in the ledger.c. Amount of net income for August.5. Determine the increase or decrease in Rafael Masey, Capital for August after the initial investment in the account.Increase

Step 1:(4) Total revenue, expenses and net income are calculated (and shown in bold) in the income…

Answered: 4. Determine the following: a. Amount…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter5: Completing The Accounting Cycle

Section: Chapter Questions

Problem 13EA: Using the following account balances, calculate for the two years presented: A. working capital B....

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Show effects of the above transactions on the accounting equation using the following format. Assume the note payable is to be repaid within the year
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4. Determine the following: a. Amount of total revenue recorded in the ledger. x b. Amount of total expenses recorded in the ledger. c. Amount of net income for August. 5. Determine the increase or decrease in Rafael Masey, Capital for August after the initial investment in the account. Increase