Question

IPW, Inc., began operations on January 1, 2012. The seven transactions recorded during January by the company accountant are shown in the following T-accounts:


Complete the following table. For each transaction shown, determine the accounts affected, the type of account, whether the account increases or decreases, and whether it would be recorded in the journal on the debit or creditside.


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  • CreatedApril 29, 2014
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