Question: Indicate what impact (+ for increase; for decrease) the following transactions would have on the accounting equation, Assets = Liabilities + Equity. A. B.

Indicate what impact (+ for increase; – for decrease) the following transactions would have on the accounting equation, Assets = Liabilities + Equity.

A. B. C. D. E. Issued stock for cash Purchased supplies on

A. B. C. D. E. Issued stock for cash Purchased supplies on account Paid employee salaries Paid note payment to bank Collected balance on accounts receivable Impact 1 Impact 2

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