Complete the following tabulation, indicating the sign of the effect (+ for increase, and NE for no
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Complete the following tabulation, indicating the sign of the effect (+ for increase, and NE for no effect) of each transaction. Consider each item independently.
a. Recorded sales on account of $ 100 and related cost of goods sold of $60.
b. Recorded advertising expense of $10 incurred but not paid for.
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