For each of the following, indicate whether the transaction affects revenue (R), expense (E), dividends (D), common

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For each of the following, indicate whether the transaction affects revenue (R), expense (E), dividends (D), common stock (CS), or no effect on stockholders' equity (NOE).

1. Made an investment to start the business.

2. Billed customers for services performed.

3. Purchased equipment on account.

4. Paid monthly rent.

5. Paid dividends.

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Loose Leaf For Financial Accounting For Managers

ISBN: 978-1264503988

1st Edition

Authors: Wayne Thomas ,Michael Drake ,Jake Thornock ,David Spiceland

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