Question: 1: (10 Points): A1, B1, C1, D1 Use the basic accounting equation to analyze the following transaction: Beginning balance: Equipment $90,000, Cash $50,000, Account payable
1: (10 Points): A1, B1, C1, D1 Use the basic accounting equation to analyze the following transaction: Beginning balance: Equipment $90,000, Cash $50,000, Account payable $60,000, Capital $80,000. 1- The owner invested additionally $50,000 cash. 2- The company paid $50,000 from accounts payable balance. 3- The company Received $90,000 cash from customer for services provided. 4- The company paid $10,000 cash for office rent. 5- The owner draws $4,000 for personal use
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