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Exercise 1-12(Algo) Analysis using the accounting equation LO P1 Zen began a new...

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Accounting

Exercise 1-12(Algo) Analysis using the accounting equation LO P1
Zen began a new consulting firm on January 5. The accounting equation showed the following financial summary for each of the
company's. Analyze the accounting equation for each transaction and match the given transaction with its most likely description.
The company billed a customer $1,000 for services provided.
The company provided services for $10,000 cash.
The company provided services for $44,000 cash.
The company purchased supplies for $7,000 by paying $6,000 cash and putting $1,000 on credit.
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