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A) CMC Corporation has the following transactions occurred during the month of May 1, 2020. The following transactions occurred during May. 1. May 1 Maisie
A) CMC Corporation has the following transactions occurred during the month of May 1, 2020. The following transactions occurred during May. 1. May 1 Maisie invested $7,000 cash in the business. 2. Paid $900 for office rent for the month. 3. Purchased $800 of supplies on account. 4. Paid $125 to advertise in the County News. 5. Received $4,000 cash for services performed. 6. Withdrew $1,000 cash for personal use. 7. Performed $6,400 of services on account. 8. Paid $2,500 for employee salaries. 9. Made a partial payment of $600 for the supplies purchased on account on May 3. 10. Received a cash payment of $4,000 for services performed on account on May 15. 11. Borrowed $5,000 from the bank on a note payable. 12. Purchased equipment for $4,200 on account. 13. Paid \$275 for utilities. Instructions Instructions: Show the effects of the previous transactions (tabular analysis) on the accounting equation using the following format
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