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Some of the transactions carried out by Tiang Company during the first month of the company's operations are listed below. You are to determine the
Some of the transactions carried out by Tiang Company during the first month of the company's operations are listed below. You are to determine the dollar effect of each transaction on the total assets, the total lubuities, and the owners' equity of Tsang Company. Use the symbols (+) for increase, (-) for decrease, and (NC) for no change. An answer is provided for the first transaction to serve as an example, Total Liabilities Owner's Equity ING -200,000 Select Select > Select Select Select Transaction Total Assets A. Issued capital stock to Don Tsang in exchange for his +$200.000 investment of $200,000 in the business B. Purchased a computer for the Select business for $5,500 casti C. Borrowed $20,000 from the Select bank D. Purchased lorrice furishings at a total price of |$4.200, terras Select $6qd cash and balance payable in two installments, E Paid $1.800 of the balance dus on select the office furnishing F. Sold an extra monitor that had Select cost $250 for $300 on credit. G. Collected $150 of accounts receivable from Select purchaser of the monitor H. Bought a small truck to be used in the business for Select 29,000; paid cash in full Select Select ( Select Select Select Select Select Select >
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