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Indicate whether the account balances will increase or decrease and by how much, based on each transaction. The first one has been done for you.

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Indicate whether the account balances will increase or decrease and by how much, based on each transaction. The first one has been done for you. Always ensure that the accounting equation is balanced. Do not enter dollar signs or commas in the input boxes. Use the negative sign for negative values, Where a transaction affects two accounts in the same category, enter the positive amount in the first row provided and enter the negative amount in the second. 3) Purchased a couch for $1,080 cash. 4) Received $530 cash in exchange for some jewellery you sold. 5) Received a cash gift of $880. 6) Paid \$1,070 for one month of rent on apartment. 7) Paid interest of $41, in cash, on the car loan. 8) Received an internet bill for $75 to be paid next month. Check

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