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Write up the asset and liability and capital accounts to record the following transactions in the records of G. Smith and balance off each account.

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Write up the asset and liability and capital accounts to record the following transactions in the records of G. Smith and balance off each account. (4 pts each) 2010 June 1 started business with $25,000 in the bank June 2 Bought office furniture by cheque $1,500 June 3 Bought machinery $7,500 on credit from Bravo Motors June 5 Bought motor van paying by cheque $6,000

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