On a sheet of paper, list the numbers 1 through 6, with columns labeled Assets, Liabilities, and

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On a sheet of paper, list the numbers 1 through 6, with columns labeled Assets, Liabilities, and Stockholders' Equity. In the columns, indicate whether each transaction below caused an increase (+), a decrease (-), or no change (NC) in assets, liabilities, and stockholders' equity. SE 1 . Purchased supplies on credit.

2. Paid for previously purchased supplies.

3. Paid employee's weekly wages. 4. Paid a dividend to stockholders.

5. Purchased a truck with cash.

6. Received a telephone bill to be paid next month.

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Financial Accounting

ISBN: 9780618310746

8th Edition

Authors: Belverd E. Needles Jr,, Marian Powers

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