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Remaining Time: 40 minutes, 22 seconds. Question Completion Status: Using the Transaction Analysis table provided, analyze the effect of the transactions listed below on
Remaining Time: 40 minutes, 22 seconds. Question Completion Status: Using the Transaction Analysis table provided, analyze the effect of the transactions listed below on the extended Accounting Equation. Fatima started a cleaning service business. The following transactions occurred during the month of May 2020 they are given below. 1- Investment of $50,000 cash has been made by the owner along with an equipment that had a market value of $15,000. 2- The company rented an office for $3,000 cash for the month. 3- Provided cleaning services to a customer for $1,750 cash 4- The company purchased cleaning equipment for $8,000 cash. 5- The company purchased on credit a $1,000 worth of cleaning supplies. 6- Provided a $2,000 of service for customer on account. 7-The owner withdrew $1,000 cash from the company for personal use. 8- Received cash payment of $1,500 for service performed in transaction (6) above. 9. The company paid $1,000 cash to settle the liability created in transaction (5). 10-Paid $2,500 cash for employees' salaries. LIABILITIES O.E ASSETS Date Cash Account Receivable Supplies Equipment Account Payable Capital Drawings Revenues Expenses 1 2 3 4 5 6 7 B 9 10 11 T2 TTT Arial : (12pt) T QIXS Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answers Save an
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