Illustration 4 Prove that the accounting Equation is satisfied in all the following transactions 1....
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Accounting
Illustration 4 Prove that the accounting Equation is satisfied in all the following transactions 1. Commenced business with $40,000 2. Purchased goods on credit$12,000 3. Bought furniture on credit $8,000 4. Received commission $5,000 5. Cash paid to creditors $10,000 6. Paid salary $5,500 7. Paid commission$4,000 8. Cash paid to creditors $10,000 Solution
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