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Create a table in Excel, analyze the following transactions, and indicate the account that increases and the account that decreases, or if both accounts decrease
Create a table in Excel, analyze the following transactions, and indicate the account that increases and the account that decreases, or if both accounts decrease or both accounts increase. It also indicates how the accounting equation is affected.
Cash is received for investment in the business of $80,000. Rent for the month is paid for $2,200 in cash. Office supplies are purchased for $600.00 in cash.
Office equipment is purchased on credit for $4,000. Work is done to a client on credit for $2,500.
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