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equ a. Bought office equipment with cash, $10,000 a m b. Bought supplies on credit from a vendor, $5,000. c. Sold goods for cash, $12,000

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equ a. Bought office equipment with cash, $10,000 a m b. Bought supplies on credit from a vendor, $5,000. c. Sold goods for cash, $12,000 (ignore the inventory and cost of goods sold entries of this transaction). Inv arn d. Bought raw materials from a supplier on account, $2,000 e. Sold goods to customers on account, $6,000 (ignore the inventory and cost of goods sold entries of this transaction). f. Purchased raw materials by issuing a note payable, $3,000. ngs g. Paid cash toward note payable balance, $500 h. Received cash from customer to apply to credit account balance, $3,000. es i. Paid for accounting and legal fees in cash, $400. j. Paid salaries in cash, $1,000 on Hartman Housewares Company began the current year with the following account balances (Click the icon to view the balancees) The following transactions were completed during the current year Click the icon to view the transactiors) ue Read the requirements Requirement a. Show the effect of each transaction on assets, liabilities, and equity using the accounting equation. (If a box is not used in the table leave the box empty, do not enter a zero. Enter a decrease in an account with a minus sign or parentheses. Abbreviations used: A/R Accounts Receivable, Supp. Supplies, Equip Equipment, RM Inv Raw Materials Inventory, Liab. Liabilities; Contr. Cap Contributed Capital, Beg. R/E Beginning Retained Eamings, Rev Revenues, Exp Expenses, Div. Decl Dividends Declared) tt Assets Liab + Stockholders' Equity ns Retained Earnings Rev Exp Cash A/R Supp Office Liab Beg RM +Contr and and Div tior Equip Inv R/E Gains Losses Decl a. + + olut

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