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2. .01-09 Effect of Transactions on Accounting Equation Describe how the following business transactions affect the three elements of the accounting equatio a. Invested cash

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2. .01-09 Effect of Transactions on Accounting Equation Describe how the following business transactions affect the three elements of the accounting equatio a. Invested cash in business. b. Paid for utilities used in the business. c. Purchased supplies for cash. d. Purchased supplies on account. e. Received cash for services performed. n

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