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SOLVE THE FOLLOWING TRANSACTIONS USING ACCOUNTING EQUATION: 1 . Biris invests $ 5 0 , 0 0 0 of personal funds to start the business.
SOLVE THE FOLLOWING TRANSACTIONS USING ACCOUNTING EQUATION:
Biris invests $ of personal funds to start the business.
The business purchases, on account, office supplies costing $
Biris Web Design pays cash of $ to acquire a parcel of land. The business intends to use
the land as a future building site for its business office.
The business provides services for clients and receives cash of $
The business pays $ on the account payable created in Transaction b
Biris pays $ of personal funds for a vacation for his family.
The business pays cash expenses for office rent, $ and utilities, $
The business returns to the supplier office supplies that cost $ The wrong supplies were
shipped.
Biris withdraws $ cash for personal use.
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