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Transaction 1: Owner contributes $15,000 cash to business Transaction 2: Company purchases equipment for business purpose, pay cash of 8,000 Transaction 3: Company purchases office
Transaction 1: Owner contributes $15,000 cash to business
Transaction 2: Company purchases equipment for business purpose, pay cash of 8,000
Transaction 3: Company purchases office Supplies $1,000 on account
Transaction 4: Company provides consultant service to client and collect $10,000 on account.
Transaction 5: Company received 50% cash from client on Transaction 4
Transaction 1: Owner contributes $15,000 cash to business Transaction 2: Company purchases equipment for business purpose, pay cash of 8,000 Transaction 3: Company purchases office Supplies $1,000 on account Transaction 4: Company provides consultant service to client and collect $10,000 on account. Transaction 5: Company received 50% cash from client on Transaction 4 CASH EQUIPMENT ACCOUNT OFFICE RECEIVABLE SUPPLIERS ACCOUNT PAYABLE OWNER CAPITAL SERVICE REVENUE RENT SALARIES EXPENSES EXPENSES +Step by Step Solution
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