2G (i) What is the effect of each of the following transactions on total assets? (a) Purchased...

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2G (i) What is the effect of each of the following transactions on total assets?

(a) Purchased equipment for $200 000 cash.

(b) Purchased inventory for $30 000 on credit.

(c) Received a loan of $50 000 from the bank.

(d) Received $20 000 from accounts receivable.

(e) Issued additional shares of $300 000.

(ii) Which of these transactions increase total liabilities?

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Fundamentals Of Accounting And Financial Management

ISBN: 9780170454797

8th Edition

Authors: Professor Ken Trotman, Kerry Humphreys

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