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Transaction analysis results in the development of a journal entry. In the start-up of a business, the owner contributes $50,000 of cash. (1) Name the accounts impacted and how using the format account name/debit or credit/dollar amount and (2) explain how the Accounting Equation is impacted.
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Transactionanalysisresultsinthedevelopmentofajournalentry.Inthestartupofabusiness,...