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Analyzing Transactions Using the Financial Statement Effects Template Report the effects for each of the following transactions using the financial statement effects template. a. Issue

Analyzing Transactions Using the Financial Statement Effects Template Report the effects for each of the following transactions using the financial statement effects template. a. Issue stock for $1,000 cash. b. Purchase inventory for $500 cash. c. Sell inventory in transaction b for $3,000 on credit. d. Receive $2,000 cash toward transaction c receivable. LO2 M3-28

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