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Liabilities Company Pays Effect on Owner's Equity Asset Company to Someone Owns? Else? Yes No Not Appicable Equation Element: Asset Account Cash Accounts Payable

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Liabilities Company Pays Effect on Owner's Equity Asset Company to Someone Owns? Else? Yes No Not Appicable Equation Element: Asset Account Cash Accounts Payable Utilities Expense Owner's Drawings Rent Expense Supplies > > Salaries and Wages Payable Prepaid Insurance Taxes Payable Service Revenue < < < > > >

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