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Analyze each of the following transactions by showing its effects on the accounting equation - specifically, identify the accounts and amounts ( including + or
Analyze each of the following transactions by showing its effects on the accounting equationspecifically, identify the accounts and amounts including or for each.
January Purchased equipment for $ cash. Estimated useful life is six years and salvage value is $ January Paid $ cash to install automated controls on equipment. This betterment did not impact useful life or salvage value.
August Paid $ cash for minor repair costs to equipment.
tableDateAssets,Liabilities,EquifJanuary PpJanuary January YJanuary rLAugust P
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