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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 1, Alice Bloom started a consulting firm and entered into the following transactions:
a. Bloom invested $6,000 into the firm and received common stock.
b. Purchased supplies for $2,000 cash.
c. Borrowed $3,500 from a bank and signed a note payable.
d. Purchased $5,000 worth of equipment, for cash.
e. Rendered services and billed clients for $1,000.
f. Collected $500 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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