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majestico majestico
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7 years ago
Indicate the effect that each of the following transactions has on the cash balance. Use (I) for increase, (D) for decrease, and (N) for no change.

a) ________ Issued common stock for cash
b) ________ Acquired land for cash
c) ________ Purchase equipment on account
d) ________ Paid a cash dividend
e) ________ Purchased supplies on account
f) ________ Received payment on account
g) ________ Borrowed money by issuance of a long-term debt
h) ________ Purchased equipment on account to be paid within one year
Textbook 
College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
Author:
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keytwokeytwo
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7 years ago
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majestico Author
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#2
7 years ago
Yeah, makes a lot more sense. Appreciate this quite a lot
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