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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
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 table, leave the box empty.) Assets Increase Decrease Liabilities Increase Decrease Stockholders' equity Increase Decrease X Date Description Jan 2 Purchased office supplies on account for $500 Jan 4 issued common stock for cash for $5,000 Jan 10 Sold Services on account for $2.000 Jan 15 Pald amount owed to vendor for the office supplies purchased on account on January 2 X Assets Liabilities Stockholders' equity Increase Decrease Increase Decrease Increase Decrease Date Description Jan 18 Sold Services for cash $200 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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