Question: In a double entry accounting system, each transaction affects at least two different accounts. For the following transactions identify the two accounts and what type

In a double entry accounting system, each transaction affects at least two different accounts. For the following transactions identify the two accounts and what type of account is each, asset, liability, or equity account. (40 points, 1 point per answer)

1. On August 1, Madison Harris, the owner invested $6,500 cash into the company.

Name of Accounts Affected:	Type of Account:

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