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Required: Select whether the transaction increases or decreases assets, liabilities, and stockholders' equity. Leave blank if no effect. The first item is provided as an
Required: Select whether the transaction increases or decreases assets, liabilities, and stockholders' equity. Leave blank if no effect. The first item is provided as an example. tableTransactionAssets,Liabilities,Stockholders' Equity Issue common stock in exchange for cash.,Increase,Increase Purchase business supplies on account., Pay for legal services for the current month.,, Provide services to customers on account.,, Pay employee salaries for the current month.,, Provide services to customers for cash.,, Pay for advertising for the current month.,, Repay loan from the bank.,, Pay dividends to stockholders., Receive cash from customers in above., Pay for supplies purchased in above.,,
Required:
Select whether the transaction increases or decreases assets, liabilities, and stockholders' equity. Leave blank if no effect. The first item is provided as an example.
tableTransactionAssets,Liabilities,Stockholders' Equity Issue common stock in exchange for cash.,Increase,Increase Purchase business supplies on account., Pay for legal services for the current month.,, Provide services to customers on account.,, Pay employee salaries for the current month.,, Provide services to customers for cash.,, Pay for advertising for the current month.,, Repay loan from the bank.,, Pay dividends to stockholders., Receive cash from customers in above., Pay for supplies purchased in above.,,
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