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Effect of Transactions on Accounting Equation Describe how the following business transactions affect the three elements of the accounting equation. > Invested cash in business.

Effect of Transactions on Accounting Equation

Describe how the following business transactions affect the three elements of the accounting equation.

>Invested cash in business.

(increases assets and increases owner's equity, or decreases assets and decreases owner's equity, or decreases assets and increases owner's equity, or increases assets and decreases owner's equity or increases assets and increases owner's equity )

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