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Using the column headings: assets, liabilities, stockholders equity, and net income, show the effect, if any, transaction entry or adjusting entry on the appropriate balance
Using the column headings: assets, liabilities, stockholders equity, and net income, show the effect, if any, transaction entry or adjusting entry on the appropriate balance sheet category or on the income statement by entering the account name, amount, and indicating whether it is an addition or subtraction
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