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Analyze the following transactions from the Level Up! Company. Note the direction of change for each account type. Note: Enter U for Up (increase),
Analyze the following transactions from the Level Up! Company. Note the direction of change for each account type. Note: Enter U for Up (increase), D for Down (decrease), or N for No Change. 1. Level Up! purchases equipment by issuing a note payable. A- L- OE- 2. Level Up! repays a loan it initiated two years earlier. A- L- OE - 3. Level Up! acquires inventory, agreeing to pay the invoice within 30 days. A- , L- OE - 4. Level Up! raises cash by issuing common stock. A - OE- 5. Level Up! pays the bill from (3) for inventory. A- , L- OE- 6. Level Up! purchases a machine for cash. A- , OE- , L- , L-
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