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The accounting equation template is shown below. In the area provided below, indicate all the sections that would be affected by this transaction, with both
The accounting equation template is shown below. In the area provided below, indicate all the sections that would be affected by this transaction, with both the amount and the sign. Use a negative sign when indicating an item in the expense column. If it is a transaction that affects both the income statement and balance sheet, you must indicate the effect on both. Transaction #3: Dino publishers receives $3500 cash advance payment for books yet to be shipped & delivered (shipping is expected in five weeks). To have the answer graded correctly, enter the correct value preceded by a + or - sign (e.g. +350 or -650). For categories that are unaffected enter
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