Question: What are the effects of the following types of transactions

What are the effects of the following types of transactions on the accounting equation?
Also identify the financial statements that are affected.
a. Acquisition of cash from the issue of common stock.
b. Contribution of inventory by an owner of a company.
c. Purchase of inventory with cash by a company.
d. Sale of inventory for cash.



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  • CreatedApril 20, 2015
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