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Exercise. Bookkeeping Services ASSETS Cash Accounts Receivable Office Supplies Land and Building Bookkeeping Service Balance Sheet As at September 30, 20... LIABILITIES $ 3 000

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Exercise. Bookkeeping Services ASSETS Cash Accounts Receivable Office Supplies Land and Building Bookkeeping Service Balance Sheet As at September 30, 20... LIABILITIES $ 3 000 Accounts Payable s 4 000 Mortgage Payable 6 000 195 000 Total Liabilities 2000 45 000 47 000 OWNER'S EQUITY Owner, Capital 161 000 208 000 Total Liabilities and Total Assets $ 208.000 Owner's Equity The following transactions occurred in October: Oct. 4 Paid $500 cash on some of the accounts payable 15 Received $900 cash from an account receivable 20 Purchased office supplies for $750 on credit (payment is due in 30 days) 29 The owner invested an additional $2000 cash into the business a) Place the September 30 balances on a transaction analysis sheet b) Record the transactions on the transaction analysis sheet c) Prepare a new balance sheet for October 31

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