How will the given entries be treated

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Reference no: EM133628516

Question: How will the following entries be treated?

1 You sold $1,000 worth of goods in cash.

2 Paid $1,200 in rent for the month.

3 Paid employee salaries totaling $5,000 for the month.

4 You invest $20,000 of your personal savings into the business.

5 purchased goods worth 5000 on credit

Reference no: EM133628516

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