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Thank you for helping. Using the transactions below you are required to complete the Accounting Equation. Transactions: Example: Wages paid by cheque, $500. 1. The
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Using the transactions below you are required to complete the Accounting Equation. Transactions: Example: Wages paid by cheque, $500. 1. The owner decreased his capital contribution by $100000. 2. Purchased trading stock on account from DC Traders, \$4 500. 3. Received a loan from Star Bank, $50000. The money was deposited directly into the business bank account. 4. In error, vehicle expenses of $1500 were debited to the vehicles account (Correct the error). 5. Donated trading stock to the local school, \$1000. 6. The owner paid for his son's school fees for the year by bank transfer (EFT), $35000. 7. Services rendered as per Cash Register Roll, \$3200. 8. Drew cash from the business bank account to introduce Petty Cash, \$1200. 9. Received by bank transfer (EFT) from Blue Stores for Commission Income, \$3400. 10. Paid the interest on loan by bank transfer (EFT), $500 Step by Step Solution
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