Question: For each transaction, determine the impactincrease, decrease, or no effecton total assets, total liabilities, and total equity. Issued $12,000 of common stock for cash Issued

For each transaction, determine the impact—increase, decrease, or no effect—on total assets, total liabilities, and total equity. Issued $12,000 of common stock for cash Issued $23,000 of common stock

Issued $12,000 of common stock for cash Issued $23,000 of common stock for land Purchased treasury stock for $1,000 cash Issued $5,000 of preferred stock for cash Total Assets Total Liabilities Total Equity

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