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Prepare an accounting equation Dwner invested cash $8000, equ Sold furniture on credit $500O Received food service revenue $

Prepare an accounting equation Dwner invested cash $8000, equ Sold furniture on credit $500O Received food service revenue $

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Prepare an accounting equation for the following- Owner invested cash $8000, equipment $4000 and computer $2500 in the business Sold furniture on credit $5000 Received food service revenue $10,000 Paid rent $1000 Paid salaries $500
Transcribed Image Text:Prepare an accounting equation for the following- Owner invested cash $8000, equipment $4000 and computer $2500 in the business Sold furniture on credit $5000 Received food service revenue $10,000 Paid rent $1000 Paid salaries $500
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