Question: How would these followings transactions be recorded under the basic financial equation? 1. Pay cash dividends of $4,000 2. Pay rent in advance for $6,000

How would these followings  transactions be recorded under the basic financial equation?

1. Pay cash dividends of $4,000

2. Pay rent in advance for $6,000

3. Provide services on account $5,000

4. Received $3,000 owed to you.

5. Purchased supplies on account for $250

6. Pay salaries for the month $7,000

7. Wages owed to employees $4,000

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