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Transaction analysis results in the development of a journal entry. In the start-up of a business the owner contributes $750,000 of cash. (1) Name the accounts impacted and how using the format account name/debit or credit/dollar amount (10 points) and

(2) Explain how the Accounting Equation is impacted.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9978952

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