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You deposit a check for $2,000 from the company owner into the Checking account. Show the effect on the accounting equation using the extended accounting
You deposit a check for $2,000 from the
company owner into the Checking account.
Show the effect on the accounting equation
using the extended accounting equation.
Assets = Liabilities + Owner's Capital + Revenues - Expenses - Owner's Draws
Is this the correct answer?
$15,000 Chking = Owner's Capital - $15,00 Owner's Draws
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