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Please assiocate the following letter to the answer problem ( thank you) correctly describes the effect of the transaction on the accounting equation. ncrease /

Please assiocate the following letter to the answer problem ( thank you)

image text in transcribed correctly describes the effect of the transaction on the accounting equation. ncrease / decrease means one asset account increases and another decreases by the same amount. Jse this selection for the next eight questions: January 3: SER purchases $2,000 of sports equipment on credit. January 8: Customers pay SER $8,500 for daily rentals. January 16: SER receives $4,000 for a 2-week rental for equipment for several teams. The rental period begins on February 10, 2018. January 17: SER signs an agreement to provide $4,500 of equipment to a customer in early February. The E. E customer has not yet made a payment. January 25: SER receives $3,000 for services provided and billed in the prior month. January 30: SER rents out skates for a party that day and bills the customer for $300. January 30: SER completes a contract by providing rental equipment to a private school from January 1730. The school paid $500 for the rental in December 2017. January 31: SER receives $120 in cash for monthly interest earned on a note receivable. (SER loaned an employee $10,000 last November and the employee is paying SER monthly interest. The employee will repay the $10,000 principal after one year.) A. A B. B C. C D. D E. E

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