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The Ace Restaurant Incorporated (ARI) has had several activities occur during December 202. Explain how each selected activity directly affects balance sheet accounts or income
The Ace Restaurant Incorporated (ARI) has had several activities occur during December 202. Explain how each selected activity directly affects balance sheet accounts or income statement accounts. The following is an example of a statement, and the impact you will explain. \begin{tabular}{|l|l|} \hline \multicolumn{1}{|c|}{ Example } & \multicolumn{1}{c|}{ Impact } \\ \hline 1,000 shares of common stock are sold at Increases cash by $10,000 and the par value of $10 per share & Increases Cash by $10,000 and increases Common Stock by $10,000 \\ \hline \end{tabular}
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