Transaction: The company paid $500 on January 1 for January's rent. In the table below, show...

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Transaction: The company paid $500 on January 1 for January's rent. In the table below, show the effect of the transaction above to each of the categories below (Assets, Liabilities, Equity) and the specific account within the category. [Note: every dropdown box requires an answer.] Assets Assets will Liabilities Liabilities will account. Equity due to the due to the account. Equity will due to the account. Transaction: The company paid $500 on January 1 for January's rent. In the table below, show the effect of the transaction above to each of the categories below (Assets, Liabilities, Equity) and the specific account within the category. [Note: every dropdown box requires an answer.] Assets Assets will Liabilities Liabilities will account. Equity due to the due to the account. Equity will due to the account.

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