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EXPLAIN REASONING FOR EACH. Match each event to its effect on the following categories: ASSETS= LIABILITIES+ COMMON STOCK + RETAINED EARNINGS. Acquired cash from the

image text in transcribedEXPLAIN REASONING FOR EACH.

Match each event to its effect on the following categories: ASSETS= LIABILITIES+ COMMON STOCK + RETAINED EARNINGS. Acquired cash from the issuance of common A No net effect. stock. B. Decrease Assets. Decrease Liabilities. Paid cash to reduce the principal on a Note Payable. C. D. E. F. G. Decrease Assets. Decrease Retained Earnings. Decrease Assets. Increase Liabilties Increase Assets. Increase Retained Earnings. Increase Assets. Increase Common Stock. Decrease Liabilities. Increase Retained Earnings. Sold Land for cash at an amount exactly equal to its cost Provided services to clients for cash Paid utilities expenses with cash

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