Question: Ex. Follow the same format as BE1-6 on the previous page. Determine the effect on assets, liabilities, and owners equity of the following three transactions.

Ex. Follow the same format as BE1-6 on the previous page. Determine the effect on assets, liabilities, and owners equity of the following three transactions. (a) Invested cash in the business. (b) Withdrawal of cash by owner. (c) Received cash from a customer who had previously been billed for services provided.

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