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3. Bob Manor is the proprietor of Manor Accounting. For each of the following transactions, indicate the effects on the company's assets, liabilities, and owner's

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3. Bob Manor is the proprietor of Manor Accounting. For each of the following transactions, indicate the effects on the company's assets, liabilities, and owner's equity. Indicate the dollar amount and whether it is an increase (+) or a decrease (-). Assets Liabilities I Owner's Equity Drawings Revenue Capital Expenses 1. Transactions Prepares a tax return for a client and bills the client $ 85. Buys $ 200 office supplies on account 2. 3 Pays for the office supplies from #2. 4. 5. Collects the $ 85 owed by the customer from #1 Pays $ 800 for employee salaries. Does an audit for a customer and receives $ 2,500. 6

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