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Analyze the effects of the transactions on the accounting equation for Smith Construction 11/1 Received cash from owner as investment, $55,000. 11/5 Paid creditors on

Analyze the effects of the transactions on the accounting equation for Smith Construction 11/1 Received cash from owner as investment, $55,000. 11/5 Paid creditors on account, $7,000. 11/6 Billed cus...

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