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For each of the following transactions or adjustments, indicate the effect of the transaction or adjustment on assets, liabilities, and net income by entering for

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For each of the following transactions or adjustments, indicate the effect of the transaction or adjustment on assets, liabilities, and net income by entering for each account affected the account name and amount and indicating whether it is an addition (+) or a subtraction (). Transaction a has been done as an illustration. Net income is not affected by every transaction. In some cases, only one colure may be affected because all of the specifio accounts affected by the transaction are included in that category a. Recorded 5200 of deprecision expense b. Sold and that had originally cost $0,000 for $12.000 in cash Acquired a new machine under a capital teate. The present value of future te payments, discounted at 8%, was $11,000. d. Recorded the first annual payment of $3.000 for the leased machine (in parte) .. Recorded a $5,200 payment for the cost of developing and registering a trademark 1. Recognized periodic amortization for the trademark on parte) using a 36 year useful life 9. Solded production equipment for $17.000 in cash. The equipment originally cost $40,000, and the accumulated depreciation account has an unadjusted balance of $23.700. It was mined that a $1400 year-to-date depreciation entry must be recorded before the sale transaction can be recorded. Record the adjustment and the sale Transactie Liabilities Rocumulated depreciation -200 Net Income Depreciation expenses 200 d. 1

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