Earning revenue decreases assets, increases liabilities increases assets, increases equity. increases assets, decreases equity increases one

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Earning revenue

decreases assets, increases liabilities

increases assets, increases equity.

increases assets, decreases equity

increases one asset, decreases another asset

June 23 Cash 6,000 Common Stock 6,000 Issue stock The journal entry will

Increase Cash and decrease Common Stock

Increase Common Stock and decrease Cash

Increase Cash and increase Common Stock

Decrease Cash and decrease Common Stock

Related Book For answer-question

Financial Reporting Financial Statement Analysis and Valuation a strategic perspective

ISBN: 978-1285190907

8th edition

Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

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Posted Date: Feb 14, 2024 03:05 AM

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Earning revenue decreases assets, increases liabilities increases assets, increases equity. increases assets, decreases equity increases one

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Financial Reporting Financial Statement Analysis and Valuation a strategic perspective

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