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Required 1 Required 21 For each of the transactions, complete the following table, indicating the account, amount, and direction of the effect (+ for
Required 1 Required 21 For each of the transactions, complete the following table, indicating the account, amount, and direction of the effect (+ for increase and for decrease) of each transaction under the accrual basis. Include revenues and expenses as subcategories of stockholders' equity, as shown for the first transaction, which is provided as an example. (Enter any decreases to account balances with a minus sign.) Assets Liabilities Stockholders' Equity b. Cash Cash 0 Equipment d Cash 000 (850) 4.250 1,700 Salaries and Wages Expense (850) Notes Payable (short-term) Accounts Payable 4,250 1,700 340 Service Revenue e. Accounts Payable 680 Utilities Expense f Accounts Receivable Cash h. Cash Cash Accounts Receivable 00000000 1,450 Service Revenue (255) O Accounts Payable. 225 (60) O Travel Expense 170 Service Revenue 00 3400 (680) O 1,450 (60) O 340 Cash 170 O 90 O Accounts Receivable (90) 0 k Cash (130) O Advertising Expense (200) CRequired Required 2 >
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