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Indicate the effect of each of the following transactions on total assets, total llabilitles, and total stockholders' equity. Select + for increase, - for decrease,
Indicate the effect of each of the following transactions on total assets, total llabilitles, and total stockholders' equity. Select for increase, for decrease, or No Effect. The first transaction is provided as an illustration.
tableAssets,Liabilities,tableStockholdersEquitya Borrowed cash on a bank loan,No Effectb Paid an account payable,,,c Sold common stock,,,d Purchased merchandise inventory on account,,,e Declared and paid dividends,,,f Collected an account receivable,,,g Sold merchandise inventory on account at a profit,,,h Paid operating expenses in cash,,,i Repaid principal and interest on a bank loan,,,
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