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QUESTION

You received the following statement for 2017 for your saving s account at a bank. Cash balances in the bank earn interest at a 5% rate per annum.

You received the following statement for 2017 for your saving s account at a bank. Cash balances in the bank earn interest at a 5% rate per annum.

Balance, January 1 2017       $100

Interest earnings                 5

Withdrawals                     (5)

Balance, December 31, 2017   $100

make an income statement, balance sheet and cash flow statement for this account for 2017. Upload as an Excel spreadsheet.

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