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Accounting Equation Required: Show the effects on the accounting equation (A = L + OE) of each of the following - it is a consulting
Accounting Equation Required: Show the effects on the accounting equation (A = L + OE) of each of the following - it is a consulting business: 1) You invest $95,000 to start a new business 2) You purchase equipment for $5000. You financed the entire amount. 3) You purchased office furniture for $10,000 cash. 4) You purchased supplies for $1000 cash. 5) Refer to #2. You made a $2000 payment to the supplier.
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