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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Related Book For
Principles Of Financial Accounting
ISBN: 9780273676300
3rd Edition
Authors: Ian Gillespie, Richard Lewis, Kay Hamilton
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