For each of the following independent transactions, indicate the change in total assets. a. Purchased $750 of
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a. Purchased $750 of supplies on account.
b. Paid cash to employees for their salaries, $5,000.
c. Purchased furniture for $1,600 on account.
d. Received telephone bill for $200, to be paid in the following period.
e. Work performed; customer will pay $150 next month.
f. Earned $800 of revenue by performing a service for cash.
g. Performed $3,000 of services on account.
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Related Book For
Horngrens Accounting
ISBN: 978-0133855371
10th Canadian edition Volume 1
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura, Carol A. Meissner, Jo Ann L. Johnston, Peter R. Norwood
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