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The following transactions were completed by the company. a. The owner (Alex Carr) invested $18,800 cash in the company. b. T

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Answer #1
Assets = Liabilities + Equity
Cash + Supplies + Equipment + Land = Accounts payable + A. Carr, capital - A.Carr withdrawals + Revenue
a 18,800 + + + = + 18,800 - +
b -1,450 + 1,450 + + = + - +
Bal. 17,350 + 1,450 + + = + 18,800 - +
c + + 11,900 + = + 11,900 - +
Bal. 17,350 + 1,450 + 11,900 + = + 30,700 - +
d + 390 + + = 390 + - +
Bal 17,350 + 1,840 + 11,900 + = 390 + 30,700 - +
e -10,900 + + + 10,900 = + - +
Bal. 6,450 + 1,840 + 11,900 + 10,900 = 390 + 30,700 - +

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