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Tumoto For each of the following transaction, state the effect on the accounting equation Owner contributes cash to the business Owner withdraws cash from the

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Tumoto For each of the following transaction, state the effect on the accounting equation Owner contributes cash to the business Owner withdraws cash from the business for personal use Choose. Purchase an asset on credit. Choose Purchase an asset for cash Choose... Choose... The owners withdraw cash to pay personal home loan Choose... The business pays cash to its creditors Choose

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