QUESTION There are ten transactions listed below. Match the transactions that have the identical effect...
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Accounting
QUESTION There are ten transactions listed below. Match the transactions that have the identical effect on the accounting equation. You only need to identify three out of the five possible matches (3 marks). a Purchase land with a note payable b. Initial cash contribution by an owner c. Purchase supplies on account d. Paid in advance rental by cash. e Pay cash to reduce a liability . Pay cash to reduce an accounts payable. & Additional cash contribution by an owner. h Receive cash from customers on credit. i Pay electricity bill with cash. j Owner withdraws money from the business for personal use
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