For each of the following transactions of Nardozzi Inc. for the month of January 2003, indicate the

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For each of the following transactions of Nardozzi Inc. for the month of January 2003, indicate the accounts, amounts, and direction of the effects on the accounting equation. A sample is provided.

a. (Sample) Borrowed $1,000 from a local bank.

b. Sold $3,000 additional stock to investors.

c. Purchased $500 in equipment, paying $100 cash and the rest on a note due in one year.

(I. Declared and paid $100 in dividends to stockholders.

e. Lent $200 to an affiliate: accepted a note due in one year.LO1 image text in transcribed

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Financial Accounting

ISBN: 9780070891739

1st Canadian Edition

Authors: Robert Libby

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For each of the following transactions of Nardozzi Inc. for the month of January 2003, indicate the

Question:

Assets Liabilities Stockholders' Equity a. Sample: Cash +1,000 Notes Payable +1,000

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Financial Accounting

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