[Oyinda]

I do not understand how the redcution in tnca is 4,000 when the profit gain is 5000 so the credit ppe should be 5,000 debit and ret earnings increase by 5,000

For the second, i recognized a 1mil profit so dr P’s ret earnings and credit its tnca I dont know how it is a 800.

Thanks.

And there are no dates. I copied the question as it was on your mini exercises

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