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On 1 January 2022, decided to run a shoes equipment business. The transactions which took place during the month of January were as follows: Required:
On 1 January 2022, decided to run a shoes equipment business. The transactions which took place during the month of January were as follows: Required: a. Identify the effects (increase or decrease) on assets, liabilities, owner's equity and expenses for the above transactions. (10 marks) b. Show the accounts to be debited and credited for all the above transactions. (10 marks) c. Identify the appropriate book of prime entry to each of the above transactions
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