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29. Apply Financial Statement Linkages to Understand Transactions Consider the effects of the independent transactions, a through g, on a company's balance shcet, income statement,
29. Apply Financial Statement Linkages to Understand Transactions Consider the effects of the independent transactions, a through g, on a company's balance shcet, income statement, and statement of cash flows. Complete the table below to explain the effects and financial statement linkages. Use " +" to indicate the account increases and "-" to indicate the account decreases. Refer to Exhibit 2.10 as a guide for the linkages. a. The company issued common stock in exchange for cash and property and equipment. b. The company paid cash for rent of office fumishings and facilities. c. The company performed services for clients and immediately received cash eamed. d. The company performed services for clients and sent a bill with payment due within 60 davs. e. The company compensated an office employee with cash as salary. f. The company received eash as partial payment on the amount owed from clients in transactiond. g. The company paid cash in dividends
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