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Indicate whether each transaction would increase, decrease, orhave no effect on the total

Indicate whether each transaction would increase, decrease, orhave no effect on the total

Indicate whether each transaction would increase, decrease, orhave no effect on the total assets of the company. You musttype your answers exactly as they appear below:

increase

decrease

no effect

Paid cash on accounts payable to supplier =

Collected cash on accounts receivable =

Borrowed money from the bank on a promissory note payable =

Loaned money to an employee in exchange for a note =

Purchased a building by using cash and signing a mortgage loanpayable for the balance =

Abhinav 04-Dec-2019

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