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The following business scenarios are independent from one another: Bob Wilder starts a business by transferring $ 1 0 , 0 0 0 from his
The following business scenarios are independent from one another:
Bob Wilder starts a business by transferring $ from his personal checking account into a checking account for his business, Wilder Company.
A business that Sam Pace owns earns $ of cash revenue from customers.
Jim Sneed borrows $ from the National Bank and uses the money to purchase a car from luka Ford.
OZ Company pays its five employees $ each to cover their salaries.
Gil Roberts loans his son Jim $
Game, Incorporated, paid $ cash to purchase land from Atlanta Land Company.
Rob Moore and Gil Thomas form the MT partnership by contributing $ each from their personal bank accounts to a partnership bank account.
Stephen Woo pays cash to purchase $ of common stock that is issued by Izzard, Incorporated.
Natural Stone pays a $ cash dividend to each of its seven shareholders.
Billows, Incorporated, borrowed $ from the National Bank.
Required:
Indicate the effect on the cash account of each entity for the business scenarios given by selecting Increase, Decrease, Increase and decrease increase in one asse and decrease in another asset
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