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For each of the following transactions of Woods Inc., identify the accounts effected and the whether they were increased or decreased. 1. Purchased 18-month insurance
For each of the following transactions of Woods Inc., identify the accounts effected and the whether they were increased or decreased.
1. Purchased 18-month insurance policy for cash.
2. Paid weekly payroll.
3. Purchased supplies on account.
4. Received utility bill to be paid at later date.
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