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Question 2 [ 1 5 points ] Allarco Inc. recorded the following transactions occurred during the month of April. Indicate whether each transaction would cause
Question points Allarco Inc. recorded the following transactions occurred during the month of April. Indicate whether each transaction would cause an increase decrease or has no effect NE on each of the components of the accounting equation. If a transaction causes a decrease in one component of the accounting equation and also an increase in the same component but in a different account, select A L E a Allarco Inc. provided $ of consulting services for a customer who will pay within days. b Allarco inc. purchased $ of equipment by borrowing the amount from the bank through a shortterm note payable c Allarco Inc. collected $ for commissions earned today. d Harold Cooper, a shareholder of Allarco Inc., received share capital after having transferred to the business a building worth $ and the $ remaining balance of the related shortterm note payable. e Allarco Inc. purchased supplies by paying $ cash. f Allarco Inc. paid $ towards the bill from an earlier transaction. g Allarco Inc. will pay this month's utilities bill of $ received today, within days. h $ of furniture purchased on credit in an earlier transaction was found to be damaged. Allarco Inc. returned it to the supplier Harold Cooper a shareholder received share capital in Allarco Inc., after investing $ cash and $ worth of supplies in Allarco Inc. i A bill was received today for last week's $ advertising campaign. It must be paid within days. k Harold Cooper a shareholder received share capital in Allarco Inc., after investing $ cash and $ worth of equipment in Allarco Inc. Harold Cooper a shareholder received share capital in Allarco Inc., after investing $ of supplies into the business. m Allarco Inc. bought $ of supplies paying $ cash and $ on account. n Harold Cooper a shareholder received share capital in Allarco Inc., after investing equipment and supplies into the business worth $ and $ respectively. o Allarco Inc. interviewed and hired a new employee who will begin working next month and get paid $ per month SAVE AND CLOSE SUBMIT AND MARK
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