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Question 2 of 8 - 2 2 Current Attempt in Progress For each of the following transactions, indicate how ( i ) net earnings and
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Current Attempt in Progress
For each of the following transactions, indicate how i net earnings and ii cash flows are affected. For each transaction, enter the amount, if any as an increase or as a decrease. If there is no effect, enter Enter negative amounts using either a negative sign preceding the number eg or parentheses eg Do not leave any fields blank.
Effect on Net Earnings
a Took out a loan for $
b Purchased equipment for $ paying $ cash and financing the balance with a oneyear note payable.
c Purchased $ of inventory from suppliers on account.
d Paid $ for advertising.
Sold inventory for $ to customers, on account. The goods sold had cost $
Effect on Cash Flow
$
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