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WFC Co.'s petty cash receipts indicate the following expenditures for the end of October: Office supplies $500 Miscellaneous selling expense $350 Miscellaneous administrative expense $160
WFC Co.'s petty cash receipts indicate the following expenditures for the end of October:
Office supplies | $500 |
Miscellaneous selling expense | $350 |
Miscellaneous administrative expense | $160 |
As a result of these transactions, WFC Co.'s stockholders' equity:
a.decreases by $1,010.
b.increases by $500.
c.remains unchanged.
d.decreases by $510.
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