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Indicate How Each Event Affects the Elements of Financial Statements

Question 53

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Indicate how each event affects the elements of financial statements.Use the following letters to record your answer in the box shown below each element.Use only one letter for each element.You do not need to enter amounts.
Indicate how each event affects the elements of financial statements.Use the following letters to record your answer in the box shown below each element.Use only one letter for each element.You do not need to enter amounts. -On January 1,2016,Briand Co.issued $200,000 of bonds payable at 98.Indicate the effects of issuing the bonds.
-On January 1,2016,Briand Co.issued $200,000 of bonds payable at 98.Indicate the effects of issuing the bonds.
Indicate how each event affects the elements of financial statements.Use the following letters to record your answer in the box shown below each element.Use only one letter for each element.You do not need to enter amounts. -On January 1,2016,Briand Co.issued $200,000 of bonds payable at 98.Indicate the effects of issuing the bonds.

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