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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Related Book For
Fundamentals Of Accounting And Financial Management
ISBN: 9780170454797
8th Edition
Authors: Professor Ken Trotman, Kerry Humphreys
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