Question: EB7. LO 3.4 Which two accounts are affected by each of the following transactions? Account 1 Account 2 Received cash from issuance of common stock

EB7. LO 3.4 Which two accounts are affected by each of the following transactions? Account 1 Account 2 Received cash from issuance of common stock Purchased land by Issuing a note payable Paid balance on account for last month's inventory purchases Received cash from customers for this month's sales Sold merchandise to customers on account Table 3.11

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