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Using the following categories, indicate the effects of the following transactions. Note: Enter negative amounts with a minus sign. a. Sales on account were $760

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Using the following categories, indicate the effects of the following transactions. Note: Enter negative amounts with a minus sign. a. Sales on account were $760 and related cost of goods sold was $430. b. Issued 5,000 shares of $1 par value stock for $70,000 cash. Select the appropriate financial statements that matches with the items

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