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State the effect of each of the business transactions

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Reference no: EM132987854

Question - State the effect of each of the following business transactions. Eg. Increase cash, increase capital. Ignore GST

1. The owner pays $3000 into the business bank account.

2. The business acquires equipment for $8000, payable in 90 days.

3. The business provides services for $850 cash.

4. Paid salaries and wages $2300.

5. The business provides a potential customer with a quote of $900 for the provision of services.

Reference no: EM132987854

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