Question: Explain the procedure and show the effects to the expanded accounting equation of the bellow transactions Assume the following transactions: 1. Mr. Alex invested $20,000

 Explain the procedure and show the effects to the expanded accounting

Explain the procedure and show the effects to the expanded accounting equation of the bellow transactions Assume the following transactions: 1. Mr. Alex invested $20,000 to start a printing business 2. The company obtained a loan from a bank, $30,000 3. The company purchased printers and paid a total of $1,000 4. Rendered services and received cash, $500 5. Rendered services on account, $750 6. Purchased office supplies on account, $200 7. Had its equipment repaired for $400, to be paid after 15 days 8. Mr. Alex, the owner, withdrew $5,000 cash for personal use 9. Paid one-third of the loan obtained in transaction #2 10. Received customer payment from services in transaction #5

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