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Analyze the effects of transactions on accounting equation

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Question - Analyze the effects of the transactions on the accounting equation for Smith Construction

11/1 Received cash from owner as investment, $55,000.

11/5 Paid creditors on account, $7,000.

11/6 Billed customers for services on account, $2,565.

11/14 Received cash from customers on account, $8,450.

11/20 Paid cash to owner for personal use, $2,500.

11/25 Paid utility bill, $160.

Reference no: EM132838870

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