From the following business transactions you are required to show, in the Workbook, the effects on the
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From the following business transactions you are required to show, in the Workbook, the effects on the accounting equation, using the above format. (This solution is used in questions 3.12 and 3.16.)
a 1 July 2022: A Argenton commenced business with $6000 cash in the bank and a motor vehicle valued at
$25 000.
b 4 July: A Argenton purchased inventory of $3300 on credit from A Point, an account payable.
c 5 July: A Argenton paid by debit card for $2200 of inventory.
d 6 July: A Argenton introduced $3000 more cash as capital into the business.
e 6 July: A Argenton introduced more capital into the business, being office equipment valued at $4500.
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Related Book For
Accounting An Introduction To Principles And Practice
ISBN: 9780170403832
9th Edition
Authors: Edward A. Clarke, Michael Wilson
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