You have worked with XYZ Contractors as the marketing manager for a number of years. Each of

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You have worked with XYZ Contractors as the marketing manager for a number of years. Each of your salespeople must submit a monthly report detailing money they spent while conducting business on behalf of XYZ Contractors. Each item on the monthly report must be coded as to the effect on assets, liabilities, and equity. As marketing manager, one of your duties is to review the monthly reports. One salesperson's report for September shows the following:

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Using the elements of critical thinking described on the inside front cover, respond.
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Fundamental Accounting Principles

ISBN: 978-0071051507

Volume I, 14th Canadian Edition

Authors: Larson Kermit, Tilly Jensen

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