Using the following categories, indicate the effects of the following transactions. Use + for increase and -

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Using the following categories, indicate the effects of the following transactions. Use + for increase and - for decrease and indicate the accounts affected and the amounts.

a. Sales on account were $500 and related cost of goods sold was $360.

b. Issued 1 0,000 shares of $ 1 par value stock for $90,000 cash.

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Financial Accounting

ISBN: 9780070891739

1st Canadian Edition

Authors: Robert Libby

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Question Posted: Jul 02, 2024 09:07 AM

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Using the following categories, indicate the effects of the following transactions. Use + for increase and -

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Event Assets Liabutres Stockholders' Equity

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Financial Accounting

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