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Analyze the transactions of the business described below and indicate their effect on the basic accounting equation. Use (+) to indicate an increase and (-)

image text in transcribed Analyze the transactions of the business described below and indicate their effect on the basic accounting equation. Use (+) to indicate an increase and (-) to indicate a decrease. Select NE if there is no effect. 1. Signed a Finance lease for equipment. 2. Billed customers for services provided. 3. Used cash to repurchase stock. 4. Paid interest as due on Note Payable. 5. Purchased office equipment using payables. 6. Split the common stock 2 for 1 7. Declared a dividend on common stock. 8. Issued bonds for cash. 9. Net effect of selling fixed assets at a loss. 10. Issued stock for cash

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