Question: Michael Anderson is starting his computer programming business and has deposited in initial investment of $15,000 into the business cash account. Identify how the

Michael Anderson is starting his computer programming business and has deposited in

Michael Anderson is starting his computer programming business and has deposited in initial investment of $15,000 into the business cash account. Identify how the accounting equation will be affected. Assets Liabilities Owner's Equity Gomez Service Company paid its first installment on a note payable in the amount of $2,000. How will this transaction affect the accounting equation? Owner's Equity Assets Liabilities

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