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Find out how an accounting equation is satisfied after taking into consideration each of the following transactions in the Books of Mr. Hill: Started business
Find out how an accounting equation is satisfied after taking into consideration each of the following
transactions in the Books of Mr. Hill:
Started business with capital $100,000
Bought furniture $25,000.
Bought goods for cash $20,000.
Bought goods from Mr. Nelson on credit $5,000.
Sold goods for cash for $15,000
Sold goods to Mr. William on credit $8,000
Paid cash to Nelson $4,000.
Received cash from William $5,000.
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