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QUESTION 10 Please indicate the effectumpact of each transaction on the relevant accounts Perfotow the show EXAMPLE: (1) Owner Invested 20,000 cash in the business

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QUESTION 10 Please indicate the effectumpact of each transaction on the relevant accounts Perfotow the show EXAMPLE: (1) Owner Invested 20,000 cash in the business ANSWER: (1) Cash increased by 20,000. Owner capital increased by 20,000 Transaction: (1) Purchased 1,000 of supplies on credit (2) Purchased 15,000 equipment for 5,000 cash and 10,000 noto (3) Received 25,000 cash for consulting service performed last month (4) At 31 December, the company paid 13,000 cash for the December's rent (5) Received 14,000 cash for 10 000 consulting service and 4,000 rental For the toolbar, press ALT+F10 (PC) or ALTOFNAF 10 Mac BIUS Paragraph Arial 10pt EE E x X, IT 3 BED +0 V V PE A2I XOQ hd +] 1992 BBD BA Click Save and submit to save and submit Chick Save All Abers to serve alle

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