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Explain how the accounting equation is impacted

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Question - Transaction analysis results in the development of a journal entry. In the start-up of a business, the owner contributes $750,000 of cash.

(1) Name the accounts impacted and how to use the format account name/debit or credit/dollar amount, and

(2) Explain how the Accounting Equation is impacted.

Reference no: EM131581598

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