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Ogg Company engages in the following external transactions for November. 1. Purchase equipment in exchange for cash of $21,200. 2. Provide services to customers and
Ogg Company engages in the following external transactions for November. 1. Purchase equipment in exchange for cash of $21,200. 2. Provide services to customers and recelve cash of $4,900. 3. Pay the current month's rent of $1,400. 4. Putchase office supplies on account for $1,200. 5. Poy employee salaries of $1,000 for the current month. Required: Analyze each transaction and show the effects of each on the accounting equation: Note: Decreases to account classifications should be indicated by a minus sign
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