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Debit and Credit Effects Indicate the account that will be debited for each of the following transactions: a. Issued common stock for cash b. Borrowed

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Debit and Credit Effects Indicate the account that will be debited for each of the following transactions: a. Issued common stock for cash b. Borrowed money from a bank c. Provided services on account d. Purchased inventory on account e. Collected cash from customers that owed a balance due

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