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©The McGraw-Hill Companies, Inc. 2006McGraw-Hill/Irwin Chapter Four The Double-Entry Accounting System.
Event 1: Collins Consultants was established on January 1, 2005, when it acquired $15,000 cash from Collins. 1.Increase assets (cash). 2.Increase equity.
© The McGraw-Hill Companies, Inc., 2008 McGraw-Hill/Irwin Chapter Four The Double-Entry Accounting System.
