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For each of the transactions below, indicate whether the accounts affected are increased or decreased: Transactions Account Increase / Decrease a . Sold shares for

For each of the transactions below, indicate whether the accounts affected are increased or decreased:
Transactions
Account
Increase/Decrease
a. Sold shares for cash.
Cash (A)
Common Shares (SE)
b. Borrowed money from a bank.
Cash (A)
Bank Loan Payable (L)
c. Bought equipment from a supplier on credit.
Equipment (A)
Accounts Payable (L)
d. Bought inventory from a supplier, partly for cash and partly on account.
Inventory (A)
Cash (A)
Accounts Payable (L)
e. Sold inventory to a customer on account. (Hint:
Your answer should deal with both the revenue
Accounts Receivable
(A)
and the related expense.

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