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a. Bought office equipment with cash, $30,000. b. Bought supplies on credit from a vendor, $15,000. c. Sold goods for cash, $40,000 (ignore the inventory

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a. Bought office equipment with cash, $30,000. b. Bought supplies on credit from a vendor, $15,000. c. Sold goods for cash, $40,000 (ignore the inventory and cost of goods sold entry of this transaction). d. Bought raw materials from a supplier on account, $22,000. e. Sold goods to customers on account, $65,000 (ignore the inventory and cost of goods sold entry of this transaction). f. Purchased raw materials by issuing a note payable, $14,000. g. Paid cash toward note payable balance, $4,000. h. Received cash from customer to apply to credit account balance, $3,000. i. Paid for accounting and legal fees in cash, $5,000. j. Paid salaries in cash, $12,000. The following transactions are taken from the books of Miller Manufacturing. (Click the icon to view the transactions.) Requirement Show the effect of each transaction on assets, liabilities, and equity using the accounting equation. (If an input field is not used in the table, leave the input field empty; do not enter a zero. Enter a decrease in an account with a minus sign or parentheses. Abbreviations used: Contr. Cap. = Contributed Capital; Acc.OCl= Accumulated Other Comprehensive Income; Beg. R/E = Beginning Retained Earnings; Rev. = Revenues: Exp. = Expenses; Div. = Dividends.)

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