Wages expense 3 Net cash flows from operations _1_ Operating income 1. Income Statement 2_ Accounts payable 2. Balance Sheet Accumulated depreciation, equipment 2 4 Dividends payable Statement of Cash Flows 3. 4. Statement of Retained Earnings Retained earnings, January 1 4 _2_ Equipment 1 Sales

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Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.