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3. Paid monthly expenses: salaries $5000 utilities $3000 and advertising $1000. First: write the Accounting Equation (1 mark) Second: analysis the transaction and how it
3. Paid monthly expenses: salaries $5000 utilities $3000 and advertising $1000. First: write the Accounting Equation (1 mark) Second: analysis the transaction and how it is effects in the accounting equation (2 Mark), For example: Increase Assets (cash +1,000), decrees Liabilities (Account Payable - 1,000)
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