Complete the accounting equation, and journal entries for the transactions given below. Complete the Cash account, and balance the account   The following transactions appeared in the records of Canada Services (the business): C Canada, the owner, invests $20 000 cash, and a building (cost $80 000, valuation $90 000) into the business.

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Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is