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By using Accounting Equation, find out the effect on Assets, Liabilities and Capital of Priyam Garg Associates with these transactions of their Business. 1. Capital invested $ 52,150 in Cash 2. Purchased Inventory $ 5,650 from Anuj on Credit Basis 3. Paid Salary in advance $ 22,500 4. Bought a Machinery of value $ 15,000 by taking loan from Rajeev. 5. Additional capital introduced for $20,000 in the form of Machinery