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For each of the following transactions or adjustments, indicate the effect of the transaction or adjustment on the appropriate balance sheet category and on net

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For each of the following transactions or adjustments, indicate the effect of the transaction or adjustment on the appropriate balance sheet category and on net income by entering for each account affected the account name and amount and indicating whether it is an add tion (+) or a subtraction (-) Transaction a has been done as an iflustration, Net income is nof affected by every transaction. In some cases only one column may be affected becaure all of the specific accounts affected by the transaction are included in that category. a. Acctued interest revenue of 530 on ai note receivable. b. Determined that the Allowance for Bad Debts occount balance should be decreased by $1,490 becauso expense duting the year had beon overestimased. c. Wrote ot an actount tecevable of 5780 d. Feceived cash feom b customer in ful payment of an account recelvable of 5260 that was paid within the 2\% discount period. A Cash Disceunt Alowance acecumt is mainained. e. Purchased eight units of a new acm of invertory on ascount at a cost of 524 each. Perpetual imventory is maintained. 1. Purchased 17 more unis of the above isem on accourt at a cost of 518 each. Perpetual inventory is maintaned. 9. Sold 20 of the aems putchased (n e and f) and recognired the cost of goods sold using the Lafo cost flow assumption, Perpetual irventery is maintained h. Paid a coe-year insurance prervim of Stad that \&pplied to the next fiscal year. 1. Recegnized insurance expense related to the preceding policy during the first month of the fiscal year to which it applied. Notet Round you final answers to the nearest whole dollar amounts

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