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Q1. The following transactions occurred in the month of January 2021. Perform a transaction analysis to find the effect of the transactions on the
Q1. The following transactions occurred in the month of January 2021. Perform a transaction analysis to find the effect of the transactions on the accounting equation. English (United States) 1. Veti the owner invested $30,000 cash in the business 2. Purchased office equipment $10,000 from Store Depot Inc. on account 3. Owner withdrew $5,000 cash 4. Paid maintenance charges $2,000 cash 5. Purchased laptops $2,000 on cash 6. Paid cash $9,000 for transaction 2 7. Paid salary $8,000 cash 8. Performed legal consultancy services to the client $15,000 on account 9. Veti the owner invested equipment $6,000 in the business 10. Received cash $10,000 for transaction 8
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