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Report the effects for each of the following independent transactions using the financial statement effects template provided Balance Sheet Noncash Assets Earned Transaction Cash Asset
Report the effects for each of the following independent transactions using the financial statement effects template provided Balance Sheet Noncash Assets Earned Transaction Cash Asset + Liabilities + Contributed Reven Capital Capital (a) Issue stock for $1,000 cash (b) Purchase inventory for $500 cash (c) Sell inventory from (b) for $2,000 or credit (d) Record $500 for cost of inventory sold in (c) (e) Receive $2,000 caslh on receivable from (c) Totals
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