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QUESTION 2-12 MARKS For each of the transactions identified, analyse how the asset, liability and/or equity accounts increase, decrease or remain unchanged. (Hint: Remember the

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QUESTION 2-12 MARKS For each of the transactions identified, analyse how the asset, liability and/or equity accounts increase, decrease or remain unchanged. (Hint: Remember the accounting equation.) You need to show the Samounts as well as indicate increase or decrease for each transaction. Assets (A) Liabilities (L) Equity (E) a. Obtained a loan to purchase a Trailer for $25,000. b. The owner took $15,000 of supplies for personal use. c. An accounts receivable, who owes $7,000, made a part payment of $4.000. d. Purchased stock for $18,000, paying $12,000 cash and the balance on credit. e. Paid $6,000 in respect of accounts payable in cash. f. Sold $10,000 of goods on credit Macleay College 2020

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