Selected transactions for Kookaburra Ltd are listed below. List the number of the transaction and then describe the effect of each transaction on assets, liabilities and equity.
Sample: Made initial cash investment in the business.
The answer would be - Increase in assets and increase in Equity.
-Received cash from customers when service was rendered.

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The Answer of Selected transactions for Kookaburra Ltd are listed below. List the number of the transaction and then describe the effect of each transaction on assets, liabilities and equity.
Sample: Made initial cash investment in the business.
The answer would be - Increase in assets and increase in Equity.
-Received cash from customers when service was rendered.

Selected Transactions for Kookaburra Ltd Are Listed Below