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Fill out the following chart to show the impact on the accounting equation from each transaction. (Select an X'in each applicable answer box. If a

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Fill out the following chart to show the impact on the accounting equation from each transaction. (Select an X'in each applicable answer box. If a box is not used in the latte, leave the box empty) Assets Liabilities Stockholders' equity Increase Decrease increase Decrease increase Decrease Date Description Jan 2 Purchased office supplies on account for 5500 | Jan & Issued common stock for cash for $5,000 Jan 10 Sold Services on account for $2,000 Jan 15 Paid amount owed to vendor for the office supplies purchased on account on January 2 Assets Liabilities Stockholders' equity Increase Decrease Increase Decrease Increase Decrease Date Description Jan 18 Sold services for cash 5200 Jan 21 Received cash for payment on account from sale on January 10 Jan 31 Paid employees for monthly payroll $1.500

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