Elena Bellisario began a new consulting firm on January 3. The accounting equation showed the follow- ing

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Elena Bellisario began a new consulting firm on January 3. The accounting equation showed the follow- ing transactions. Analyze the equation and describe each of the transactions with their amounts. Trans- action (a) has been done as an example for you.

Equity Elena Bellisario, Capital Assets Liabilities Office Office Fur- niture Accounts Accounts + Receivable + Supplies Description of transaction (a):
a. The owner invested $15,000 cash into the business.

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Related Book For  answer-question

Fundamental Accounting Principles Volume 1

ISBN: 9781259259807

15th Canadian Edition

Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann

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