2.5 Deborah started business on 1 January 20X0. On that day she transferred 150,000 from her personal

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2.5 Deborah started business on 1 January 20X0. On that day she transferred £150,000 from her personal account to a newly opened business bank account. Her transactions during January were as follows:

1 Jan.

2 Jan.

3 Jan.

4 Jan.

7 Jan.

11 Jan.

14 Jan.

21 Jan.

25 Jan.

28 Jan.

29 Jan.

Consider how the assets, liabilities and equity are affected by each transaction, showing how the balance sheet would stand after each transaction.

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Principles Of Financial Accounting

ISBN: 9780273676300

3rd Edition

Authors: Ian Gillespie, Richard Lewis, Kay Hamilton

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