totals of the debit and credit columns are 25,350 and 28,750 respectively

Q: MULTIPLE

A: Note: Since you have asked multiple questions, we will solve the first question for you. If you want…

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Q: The following information is relevant for Questions 18.1 and 18.2.

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Q: 6. Which accounts from the trial balance are extended to the income state- ment section of the work…

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Q: e normal balance

A: (Note: Since you have posted multiple questions, we will solve the first question for you. For the…

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Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is