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The following transactions occur for the Hamilton Manufacturers. (a) Provide services to customers on account for $4,700. (b) Purchase equipment by signing a note with
The following transactions occur for the Hamilton Manufacturers.
(a) Provide services to customers on account for $4,700. (b) Purchase equipment by signing a note with the bank for $11,000. (c) Pay advertising of $1,100 for the current month.
Analyze each transaction and indicate the amount of increases and decreases in the accounting equation. (Decreases should be indicated by a minus sign.)
Assets = Liabilities + Stockholders Equity
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