Question: As can be seen from the table in Frame 2-65, three of these transactions did not affect Retained Earnings. Borrowing money [does / does not]

As can be seen from the table in Frame 2-65, three of these transactions did not affect Retained Earnings. Borrowing money [does / does not] affect Retained Earnings. The purchase of merchandise [does / does not] affect Retained Earnings. The sale of that merchandise, however,

[does / does not] affect Retained Earnings.

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