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4 Return to question Using the following categories, indicate the effects of the following transactions. Note: Enter negative amounts with a minus sign. a .

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Using the following categories, indicate the effects of the following transactions.
Note: Enter negative amounts with a minus sign.
a. Sales on account were $960 and related cost of goods sold was $530.
b. Issued 6,000 shares of $1 par value stock for $65,000 cash.
Answer is complete but not entirely correct.
\table[[Event,Assets,=,Liabilities,\table[[+],[+]],Stockholders' Equity],[a.,Accounts receivable,,960vv,=,Sales revenue,,960vv
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