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    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.