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Analyze the following transactions as to their effect on the accounting equation. (a) The company paid exist725 to a vendor for supplies purchased previously on

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Analyze the following transactions as to their effect on the accounting equation. (a) The company paid exist725 to a vendor for supplies purchased previously on account. (b) The company performed exist850 of services and billed the customer. (c) The company received a utility bill for exist395 and will pay it next month. (d) The owner of the company withdrew exist145 of supplies for personal use. (e) The company paid exist315 in salaries to its employees. (f) The company collected exist730 of cash from its customers on account. Some of the possible effects of a transaction on the accounting equation are listed below: (1) Asset, dr.: Asset, cr. (2) Asset, dr.: Owner's Equity, cr. (3) Asset, dr.: Liability, cr. (4) Asset, dr.: Revenue, cr. (5) Liability, dr.: Assets, cr. (6) Drawing, dr.: Asset, cr. (7) Expense, dr.: Assets, cr. (8) Expense, dr.: Liability, cr. Put the appropriate letter next to each transaction

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