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State the effect each of the following transactions has on the accounting equation: a loan for $5 000 was received from ANZ Bank office furniture
State the effect each of the following transactions has on the accounting equation: a loan for $5 000 was received from ANZ Bank office furniture worth $19 000 was purchased on credit from HP Enterprises a creditor was paid $450 the owner contributed to the business a vehicle worth $25 000 $1 000 was paid off the loan principal stock worth $3 000 was purchased with cash $800 was received from a debtor
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