T-accounts and the accounting equation Required Record each of the following Zeke Co. events in T-accounts, and
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Required
Record each of the following Zeke Co. events in T-accounts, and then explain how the event affects the accounting equation:
a. Received $10,000 cash by issuing common stock.
b. Purchased supplies for $500 cash.
c. Purchased land for $20,000 cash.
d. Performed services for $1,600 cash.
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a Cash Common Stock Debit Credit Debit Credit 10000 10000 This is an ...View the full answer
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Related Book For 
Fundamental financial accounting concepts
ISBN: 978-0078025365
8th edition
Authors: Thomas P. Edmonds, Frances M. Mcnair, Philip R. Olds, Edward
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