Following the example in a below, indicate the effects of transactions b through ion assets, liabilities, and

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Following the example in a below, indicate the effects of transactions b through ion assets, liabilities, and equity, including identifying the individual accounts affected.

a. Rendered legal services to clients for cash

b. Purchased office supplies on account

c. Issued additional common stock in exchange for cash

d. Paid amount due on account for office supplies purchased in b

e. Borrowed cash (and signed a six-month note) from bank

f. Rendered legal services and billed clients

g. Paid cash to acquire a desk lamp for the office

h. Paid cash to cover interest on note payable to bank

i. Received invoice for this period's utilities

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Financial Accounting

ISBN: 9781618533111

6th Edition

Authors: Michelle L. Hanlon, Robert P. Magee, Glenn M. Pfeiffer, Thomas R. Dyckman

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