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could i please get an example of what it is i have to do....

label Accounting
account_circle Unassigned
schedule 1 Day
account_balance_wallet $5

Apr 9th, 2015

Accounting Equation:

Assets  =  Liabilities  +  Owner's Equity

(a) Invested cash in the business $30,000

Cash  =  Owner,s Equity (Capital)

$30,000  =  $30,000

(b) Bought Office Equipment on account $4,500

Cash  +  Office Equipment  =  Owner's Equity  +  Supplier's A/c

$30,000  +  $4,500  =  $30,000  +  $4,500

$34,500  =  $34,500

(c)  Bought Office Equipment  for cash $1,600

Cash  +  Old Office Equipment  +  New Office Equipment  =  Owner's Equity  +  Supplier's A/c

$28,400  +  $4,500  +  $1,600  =  $30,000  +  $4,500

$28,400  +  $6,100  =  $30,000  +  $4,500 (after cash purchases of equipment)

$34,500  =  $34,500

(d) Paid cash on account to supplier in transaction  $2,000

Cash  +  Equipment  =  Owner's Equity  +  Supplier's A/c

$26,400  +  $6,100  =  $30,000  +  2,500 (after paid $2,000 to supplier)

$32,500  =  $32,500

Apr 9th, 2015

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Apr 9th, 2015
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