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For Each of the Following Transactions, Identify the Effects as Reflected

question 45

Essay

For each of the following transactions, identify the effects as reflected in the accounting equation. Use "+" to indicate an increase and "-" to indicate a decrease. Use "A", "L", and "E" to indicate assets, liabilities, and equity, respectively. Part A has been completed as an example.
For each of the following transactions, identify the effects as reflected in the accounting equation. Use  +  to indicate an increase and  -  to indicate a decrease. Use  A ,  L , and  E  to indicate assets, liabilities, and equity, respectively. Part A has been completed as an example.


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