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Answer all Determine the financial effect on the balance sheet and income statement for each of the following independent events using the Transaction Analysis Template.
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Determine the financial effect on the balance sheet and income statement for each of the following independent events using the Transaction Analysis Template. a. Paid $8,000 to supplier for purchases made on account. b. Received cash for services rendered during the current month, $6,000. C. Paid wages for the week, $1,800. d. Paid interest on a note payable, $400. Note: Use negative signs with answers, when appropriate. Balance Sheet Income Statement Stockholders' Equity Assets Liabilities + Revenues xpenses - Net Income Transaction a. Paid supplier for purchases made on account. b. Received cash for services rendered. C. Paid wages for the week. d. Paid interest on a note payableStep by Step Solution
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