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Transaction Analysis Template On October 1, Alice Bloom started a consulting firm and entered into the following transactions: a. Bloom invested $6,000 into the firm

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Transaction Analysis Template On October 1, Alice Bloom started a consulting firm and entered into the following transactions: a. Bloom invested $6,000 into the firm and received common stock. b. Purchased supplies for $2,000 cash. c. Borrowed $3,500 from a bank and signed a note payable. d. Purchased $5,000 worth of equipment, for cash. e. Rendered services and billed clients for $1,000. f. Collected $500 on account from clients. Show the effects of the transactions on the balance sheet and income statement. Enter decreases in account balances as negative numbers. If a transaction increases AND decreases the same element, enter the increase amount in the first row

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