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PA 9 . LO 3 . 4 Indicate the net effect ( + for increase; - for decrease; 0 for no effect ) of each
PA LO Indicate the net effect for increase; for decrease; for no effect of each of the following
transactions on each part of the accounting equation, Assets Liabilities Equity. For example, for payment of
an accounts payable balance,
A sale of merchandise to customer on account
B payment on note payable
C purchase of equipment for cash
D collection of accounts receivable
E purchase of supplies on account
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