Essay
AJ's Auto Repair Shop shows five transactions summarized below. The effect of each transaction on the accounting equation is shown, and also the new balance of each item in the equation. For each transaction (a) to (e) write an explanation of the nature of the transaction. 
Correct Answer:
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(a) Withdrew cash from business.
(b) Rec...View Answer
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Correct Answer:
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(b) Rec...
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