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Transactions made by Benj & Co . , an accounting firm, for the month of May are shown below. The owner invested $ 2 0
Transactions made by Benj & Co an accounting firm, for the month of May are shown below.
The owner invested $ cash in the business.
The company purchased $ of office equipment on credit.
The company received $ cash in exchange for services performed.
The company paid $ for this month's rent.
The owner withdrew $ cash for personal use.
Prepare a tabular analysis, which shows the effects of these transactions on the expanded accounting equation, with owner's equity
columns for Capital, Drawings, Revenues, and Expenses. If a transaction results in a decrease in Assets, Liabilities or Owner's Equity, place a
negative sign or parentheses in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.
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