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For Each of the Following Indicate Whether the Transaction Affects

Question 72

Essay

For each of the following indicate whether the transaction affects revenue (R) expense (E) owner's drawing (D) owner's investment (I) or no effect on owner's equity (NOE).
1. Made an investment to start the business.
2. Billed customers for services performed.
3. Purchased equipment on account.
4. Paid monthly rent.
5. Withdrew cash for personal use.

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1. Investment (I)
2....

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