Identify which transaction results in a shift in assets (S) and which transac tion causes an increase

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Identify which transaction results in a shift in assets (S) and which transac¬ tion causes an increase in assets (I).

a. Staples bought computer equipment for cash.

b. Sears bought office equipment on account.

The Balance Sheet The accounting equation. LO.1

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College Accounting A Practical Approach Chapters 1-26

ISBN: 9780130911421

8th Edition

Authors: Jeffrey Slater

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Identify which transaction results in a shift in assets (S) and which transac tion causes an increase

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College Accounting A Practical Approach Chapters 1-26

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