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Presented below are six business transactions On a sheet of paper list the letters with columns for assets liabilities and stockholders equity For each column indicate whether

Presented below are six business transactions. On a sheet of paper, list the letters (a), (b), (c) with columns for assets, liabilities, and stockholders’ equity. For each column, indicate whether the transactions increased (+), decreased (-), or had no effect (NE) on assets, liabilities, and stockholders’ equity. (a) Purchased food on account. (b) Received cash for providing catering service. (c) Billed customer for $5,000 on hotel room sold. (d) Paid $150 for electricity bill. (e) Invested $50,000 in the business. (f) Paid $300 for lawn services for the motel.

May 14 2020 View more View Less

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