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identify the effect on each component of the income statement. and balance sheet 1. a new computer was purchased for 2000 cash. 2. a one-year
identify the effect on each component of the income statement. and balance sheet
1. a new computer was purchased for 2000 cash.
2. a one-year insurance policy costing $12000 was purchased today.
3. purchased $45 of fuel for the van- paid cash.
4. collected 900 from a client for work performed today.
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