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0.00 points Following are the transactions of Dennen, Inc., for the month of January. a Borrowed $30,000 from a local bank. b Lent $10,000 to

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0.00 points Following are the transactions of Dennen, Inc., for the month of January. a Borrowed $30,000 from a local bank. b Lent $10,000 to an affiliate; accepted a note due in one year. sold to investors 100 additional shares of stock with a par value of $0.10 pershare and a market price of $5 per share; received cash. d Purchased $15,000 of equipment, paying $5.000 cash and signing a note for the rest due in one year. e Declared and paid $2,000 in dividends to stockholders. For each of the above transactions of Dennen, Inc., for the month of January, indicate the accounts, amounts, and direction of the effects for increase and for decrease) on the accounting equation. Asample is provided. a. Cash 30,000 Notes payable References eBook & Resources Accounting Equation Difficulty: 2 Medium Learning objective 02-03 Apply transaction analysis to simple business transactions in terms of the accounting model Assets Liabilities Stockholders' Equity Check my work

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