A: Prepare a tabular analysis of thetransactions. Revenue is called Service Revenue. (If atransactio

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A: Prepare a tabular analysis of thetransactions. Revenue is called Service Revenue.
(If atransaction causes a decrease in Assets, Liabilities orStockholders’ Equity, place a negative sign (or parentheses) infront of the amount entered for the particular Asset, Liability orEquity item that was reduced.)
B: From an analysis of the RetainedEarnings columns, compute the net income or net loss for May.(Income Statement) Fredonia Repair Inc. was started on May 1. A summary of Maytransactions is presented below. . . .

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