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indicate the effects of the following business transactions on the accounting equation forSam's SnackFoods, a supplier of snack foods. Transaction(a) is answered as a guide.
indicate the effects of the following business transactions on the accounting equation forSam's SnackFoods, a supplier of snack foods. Transaction(a) is answered as a guide.
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a. Sam's Snack Foods received cash from owner and gave capital.
a.
Increase asset
(Cash)
;
Increase equity
(Sam, Capital)
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