Paccar: Analyze transactions using the equations approach
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Using the two attachments:
1. Prepare an analysis of the PACCAR transactions, employing the equations approach demonstrated in Exhibit 16-1 Show all amounts in millions of dollars ( simplicity, only a few major transactions are illustrated here.)
2. Prepare an income statement for the month ended January 31 and balance sheet as of January 31. Ignore income taxes
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Solution Summary
In an Excel format, the response shows the journal entries, the balance sheet and the income statement.
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