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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 $860

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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 $860 and related cost of goods sold was $480. b. Issued 2,000 shares of $1 par value stock for $90,000 cash

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