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Q3: Circle the effects of the business transactions below on the accounting equation accounts (note that there might be more than two effects in one
Q3: Circle the effects of the business transactions below on the accounting equation accounts (note that there might be more than two effects in one transaction): (1) Oct 5, Rose invested $100,000 cash as a capital to start a pizza shop. (2) Oct 10, Paid $20,000 in cash as a rent for the shop coving one year. (3) Oct 11, Purchased a $5000 raw material that she needed to make the pizza for the coming 6 months from a local supplier on credit. (4) Oct 12, Delivered pizza orders amounting $1000 to a customer outside Riyadh who promised to make the payment after ten days. (5) Oct 15, Paid the due amount for the local supplier for the purchases on 11th Oct. Accounts Assets Liabilities Owner's Equity Drawings Revenues Expenses 1 Effects Accounts Assets Liabilities Owner's Equity Drawings Revenues Expenses 2 Effects Accounts Assets Liabilities Owner's Equity Drawings Revenues Expenses 3 Effects Accounts Assets Liabilities Owner's Equity Drawings Revenues Expenses Effects Accounts Assets Liabilities Owner's Equity Drawings Revenues Expenses 5 Effects + + + 2 + + + 3 + + + 4 + + + + + + + + +
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