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1. Miguel Abiti invested $10,000 in Abiti's Consulting, Inc. Miguel received 10,000 shares of $1 par common stock in return for his investment. By addition
1. Miguel Abiti invested $10,000 in Abiti's Consulting, Inc. Miguel received 10,000 shares of $1 par common stock in return for his investment. By addition and subtraction, show the effects of the transaction on Abiti's Consulting, Inc.'s resources and sources of resources Total Total Resources + $10,000 $10,000 + $10,000 $10,000 Sources of Resources + $10,000 $10,000 $10,000 + $10,000 A) D) E)+$10,000 & $10,000 2. Abiti's Consulting purchased $400 of supplies. No cash was paid for the supplies, but Abiti's Consulting agreed to pay cash within the next 30 days. By addition and subtraction, show the effects of the transaction on Abiti's Consulting, Inc.'s resources and sources of resources Total Resources Total $400 $400 &-$400 $400 + $400 + $400 Sources of Resources $400 + $0 $400 + $400 $400 B) D) E)
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