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QUESTION 48 Indicate the effect of the following event on the company's accounting equation. For each account title affected indicate the specific account name,
QUESTION 48 Indicate the effect of the following event on the company's accounting equation. For each account title affected indicate the specific account name, dollar change, and whether it increased or decreased. Show the correct effect in the Stockholders' Equity column so the Balance Sheet balances. Issued 10,000 shrs. $5 par, Common stock, for $25 Cash per share. Increased the asset cash $250,000, the stockholders' equity accounts common stock. $50,000 and additional paid in capital-common $200,000. Increased the asset cash $50,000, the stockholders' equity account common stock $50,000. Increased the asset cash $250,000, the stockholders' equity account common stock $250,000. Increased the asset cash $250,000, the stockholders' equity accounts common stock $50,000 and retained earnings $200,000.
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