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Identify how each of the following separate transactions I through 10 affects financial statements. For increases, place a + and the dollar amount in the
Identify how each of the following separate transactions I through 10 affects financial statements. For increases, place a "+" and the dollar amount in the column or columns. For decreases, place a "-" and the dollar amount in the column or columns. Some cells may contain both an increase (+) and a decrease (-) along with dollar amounts. The first transaction is completed as an example.
Required
- For the balance sheet, identify how each transaction affects total assets, total liabilities, and total eg-uity. For the income statement, identify how each transaction affects net income.
- For the statement of cash flows, identify how each transaction affects cash flows from operating ac-tivities, cash flows from investing activities, and cash flows from financing activities.
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