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Assignment: Understanding and Applying the Accounting Equation through Journal Entries Transactions 1. The business received...

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Accounting

Assignment: Understanding and Applying the Accounting Equation through Journal Entries Transactions

1. The business received an investment of SR10,000 in cash from the owner.

2. Purchased gardening equipment for SR3,000 on credit. 3. Provided landscaping services worth SR1,500; payment received in cash.

4. Paid SR500 in cash for a gardening workshop for employees.

5. Received a SR 2,000 loan from a local bank.

6. Bought additional gardening supplies for SR 800; paid SR 400 in cash and the rest on credit.

7. Earned SR1,200 from gardening services; the customer promised to pay next month.

8. Paid SR300 towards the gardening equipment purchased on credit.

9. Received a SR100 cash refund from a supplier for defective supplies.

10. Paid SR1,000 salary to employees in cash.

Submission Requirements:

Include the analysis on the accounting equation. Submit your assignment in a PDF document.

*******Please solve like the picture **************

Answer & Explanation Solved by verified expert
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