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For each of the following transactions, state what effect, if any, would be on the balance sheet of the company. Your answer must contain each

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For each of the following transactions, state what effect, if any, would be on the balance sheet of the company. Your answer must contain each of the following The name of the balance sheet accounts, Type of account: A (Asset), L (Liability), or OE (Owners Equity) and Effect: +(increase Jor - (decrease) and the dollar amount of the change. Example: Company borrows $1000 from the bank Answer: +Owners Equity Assets Cash $1,000 Liabilities Notes Payable $1,000 a. [5 points) Bob's Book Company borrows $300,000 from the bank. b. [5 points] Bob's Book Company purchases land for $240,000 in cash. c. (5 points] Bob pays rent for next year, a total of $5,000. d. [5 points) Bob's Book Company pays a $9000 dividend. e. I5 points] Bob's constructs a new coffeehouse (building) for their book readers. They pay 20,000 of the construction costs in cash, with the remaining $90,000 to be paid within the year

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