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Kindly help me answer this accounting. a. b. c. d. e. f. FA l: Assignment 2 Analyzing Transactions 1. Analyze the following transactions. Indicate which
Kindly help me answer this accounting.
a. b. c. d. e. f. FA l: Assignment 2 Analyzing Transactions 1. Analyze the following transactions. Indicate which accounts are affected and whether they will increase or decrease. Transaction (a) is completed as an example. Owner investment of cash into the business. Payment of a utility bill. Pmchase of inventory for cash. Payment of an accounts payable. Performing a service on account. Collecting cash from a customer as payment on his account. Transaction Accounts Increase x x Decrease a. b. Cash Common shares
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