Solution-Make an accounting equation for the question

Make an accounting equation for the question

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Question - Make an accounting equation for the following question.

1) Ahmed started the business with $40,000.

2) Ahmed purchased office equipment with cash $3000'.

3) Ahmed purchased supplies on account from Accounts payable (Lux foods) on account for $500.

4) Ahmed paid cash to the previous accounts payable (Lux foods) for $500 from the transaction in 3.

5) Billed clients for $20,000 for the services provided but are not paid yet.

6) Paid office salaries worth of $900.

Reference no: EM133184668

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Make an accounting equation for the question

Reference no: EM133184668

Reference no: EM133184668

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