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M. Gonzales has the following transactions during August of the current year. Indicate the effect on the accounting equation and the debit-credit analysis. Aug.
M. Gonzales has the following transactions during August of the current year. Indicate the effect on the accounting equation and the debit-credit analysis. Aug. 1 4 16 225 27 Opens an office as a financial advisor, investing $9,000 in cash. Pays insurance in advance for 6 months, $2,100 cash. Receives $3,600 from clients for services performed. Pays secretary $1,000 salary. Aug. The asset 1 the owner's equity account Aug. The asset 4 the asset Effect on Accounting Equation is is Debits Debit is Credits Credit Debits Debit Credits Credit
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