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Amtrack had the selected transaction below from the month of January 2021. Indicate the effe of each transaction on the Accounting Equation by choosing the
Amtrack had the selected transaction below from the month of January 2021. Indicate the effe of each transaction on the Accounting Equation by choosing the appropriate choice below: a. Increase in an asset, decrease in another asset. b. Increase in an asset, increase in a liability, c. Increase in an asset, increase in stockholders' equity. d. Decrease in an asset, decrease in a liability c. Decrease in an asset, decrease in stockholders' equity. f. Increase in a liability, decrease in stockholders' equity. 8. Decrease in a liability, increase in stockholders' equity. 1: Paid Dividends in the amount of $5,000 in January 2021. Answer Choice: Decrease in an asset decrease in stockholder's oquity 2: Received $10,000 cash from customers who rode the train last accounting period (December 2020) Answer Choice: increase asset Increase 3. Incurred $300 in advertising expenses. We will pay this next month (February 2021). Answer Choice: SIE 1 4: At the end of the year, a count of supplies was conducted. $800 in supplies was used and requires an adjusting entry. Answer Choice: Increase in Irability decrease in 316. 5: At the end of the month, the depreciation adjusting entry was recorded in the amount of $1,000 Answer Choice: Decocese in asset and decrease in stock holder's opesty asse
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