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Recording Transactions with the Accounting Equation During the year, the Decker Company experienced the following accounting transactions: 1. Purchased equipment with cash in the amount
Recording Transactions with the Accounting Equation During the year, the Decker Company experienced the following accounting transactions: 1. Purchased equipment with cash in the amount of $100,000 2. Purchased supplies on account in the amount of $10,000 3. Collected $21,000 cash from customers 4. Paid a cash dividend of $15,000 Using the accounting equation, record each of the transactions using the Transaction Analysis Template Notes: Use negative signs with answers, when appropriate, If a transaction increases and decreases the same Balance Sheet category, enter the increase amount in the first row, followed by the decrease amount in the row directly below. Assets Transaction Purchased equipment Balance Sheet Liabilities + Stockholders' Equity 0 0 0 0 0 0 Income Statement Revenues Expenses - Net Income 0 0 0 0 Purchased supplies 0 0 0 0 0 0 0 Collected from customers 0 0 0 0 0 0 Paid cash dividend 0 0 0 0 0 0 0 0 0 0 Check
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