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    For Each of the Following Transactions, Identify the Effects on the Accounting
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For Each of the Following Transactions, Identify the Effects on the Accounting

Question 84

Question 84

Essay

For each of the following transactions, identify the effects on the accounting equation. Use "+" to indicate an increase and "-" to indicate a decrease. Use "A", "L" and "E" to indicate assets, liabilities, and equity, respectively. Part (a) has been completed as an example.
For each of the following transactions, identify the effects on the accounting equation. Use  +  to indicate an increase and  -  to indicate a decrease. Use  A ,  L  and  E  to indicate assets, liabilities, and equity, respectively. Part (a) has been completed as an example.

Correct Answer:

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a. +A +E
b. +A +L
c....

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