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Transactions: Solve using the basic accounting equation. 1.Received cash form owner as additional investment, $35,000. 2. Purchased supplies for cash, $1,100. 3. Paid rent for

Transactions: Solve using the basic accounting equation.

1.Received cash form owner as additional investment, $35,000.

2. Purchased supplies for cash, $1,100.

3. Paid rent for October, $4,500.

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