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Using the following categories, indicate the effects of the following transactions. Use positive value for increase, negative value for decrease and indicate the accounts affected.
Using the following categories, indicate the effects of the following transactions. Use positive value for increase, negative value for decrease and indicate the accounts affected. a. Sales on account were $620 and related cost of goods sold was $360. b. Issued 2,000 shares of $1 par value stock for $60,000 cash. Llabilities Event Assets a. Sales revenue Stockholders' Equity
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