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1. Chas Taylor invests $30,000 cash to start the business, Fast Forward. Assets Liabilites + Equity + 2. Company purchased supplies paying $2,500 cash. Assets
1. Chas Taylor invests $30,000 cash to start the business, Fast Forward. Assets Liabilites + Equity + 2. Company purchased supplies paying $2,500 cash. Assets Liabilites + Equity + + 3. Purchased equipment for $26,000 cash. Assets Liabilites + Equity = + 4. Purchased supplies of $7,100 on credit. Assets Liabilites + Equity = + 5. Provided consulting services to a customer and received $4,200 cash right away. Assets Liabilites + Equity + b. Paid rent of $1,000 and salaries of $700 to employees. Assets Liabilites + Equity + 7. Provided consulting services of $1,600 and rents facilities for $300 to a customer for credit. Assets Liabilites + Equity = + 8. Client in transaction 7 pays $1,900 for consulting services from account receivable. Assets Liabilites Equity = + = + 9. FastForward pays $900 as partial payment for supplies purchased in transaction 4. Assets Liabilites + Equity + 10. Withdrawal $200 of Cash by Owner. Assets Liabilites + Equity + +
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