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nalyze the effect of each transaction on the accounting equation. For example, if salaries of $500 were paid, the answer would be Decrease in
nalyze the effect of each transaction on the accounting equation. For example, if salaries of $500 were paid, the answer would be "Decrease in tockholders' equity (expense) $500 and decrease in assets (cash) $500." Performed consulting services for a client in exchange for $3,200 cash.
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