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Question 61 Parts a - d ONLY For each of the transactions identified, analyse how the asset, liability and/or equity accounts increase, decrease or remain

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Question 61 Parts a - d ONLY For each of the transactions identified, analyse how the asset, liability and/or equity accounts increase, decrease or remain unchanged. (Hint: Remember the accounting equation.) ASSETS (A) = LIABILITIES (L) + EQUITY (E) a. Obtained a loan to purchase equipment for $55 000. b. The owners took $6000 in inventory for personal use. C. A trade receivable, who owes $8000, made a part payment of $4000. d. Purchased inventory for $10 000, paying $6000 cash and the balance on credit

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