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Ciara Flannagan started a business on May 1, 20- - Analyze the following transactions for the first month of business using T accounts, Label each

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Ciara Flannagan started a business on May 1, 20- - Analyze the following transactions for the first month of business using T accounts, Label each T account with the title of the account affected and then place the transaction letter and the dollar amount on the debit or credit side. a. Invested cash in the business, $2,100, b. Bought equipment for cash, 5500 . c. Bought equipment on account, $800. d. Paid cash on account for equipment purchased in transaction (c), $300. Cash Equipment Accounts Payable Ciara Flannagan, Capital Clara Flannagan, Drawing

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