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Identify the effect of transactions on accounting equation

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Question - Identify the effect of following transactions on the accounting equation

Mr. X invested $2,000 cash into his business.

Rendered service and received $6,500 cash.

Purchased supplies on credit; $600.

Paid the part-time administrative assistant's salary of $1,450.

Purchased $3,000 office equipment by cash.

Reference no: EM133189965

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