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On October 1 , Alice Bloom started a consulting firm and entered into the following transactions: a . Bloom invested $ 6 , 0 0
On October Alice Bloom started a consulting firm and entered into the following transactions:
a Bloom invested $ into the firm and received common stock.
b Purchased supplies for $ cash.
c Borrowed $ from a bank and signed a note payable.
d Purchased $ worth of equipment, for cash.
e Rendered services and billed clients for $
f Collected $ on account from clients.
Show the effects of the transactions on the balance sheet and income statement.
Enter decreases in account balances as negative numbers. If a transaction increases AND
decreases the same element, enter the increase amount in the first row.
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