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M. Gonzales has the following transactions during August of the current year. Indicate the effect on the accounting equation and the debit-credit analysis.
Aug. 1 Opens an office as a financial advisor, investing $9,000 in cash.
4 Pays insurance in advance for 6 months, $2,100 cash.
16 Receives $3,600 from clients for services performed.
27 Pays secretary $1,000 salary.
Problem 1: What are the effects of the accounting equation?
sarbanes-oxley act of 2002 has been described as the most far-reaching legislation affecting business since the passage
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