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Record the following transactions in the expanded accounting equation. The running balance may be omitted for simplicity: =AccountsPayableLIABILITIES+B.Bell,B.Bell,+RevenueExpensesOWNERSEQUITY A. B. Bell invested $60,000 in Bell's
Record the following transactions in the expanded accounting equation. The running balance may be omitted for simplicity: =AccountsPayableLIABILITIES+B.Bell,B.Bell,+RevenueExpensesOWNERSEQUITY A. B. Bell invested $60,000 in Bell's Computer Company. B. Bought computer equipment on account, $7,000. C. Paid personal telephone bill from company bank account, $200. D. Received cash for services rendered, $14,000. E. Billed customers for services rendered for the month, $30,000. F. Paid current rent expense, $4,000. G. Paid supplies expense, $1,500
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