Question: For each transaction, determine the impact increase, decrease, or no effect on total assets, total liabilities, and total equity Total Assets Total Liabilities Total Equity

For each transaction, determine the impact increase, decrease, or no effect on total assets, total liabilities, and total equity Total Assets Total Liabilities Total Equity Transcations Issued $20,000 of common stock for cash Issued 531,000 of common stock for land Purchased treasury stock for $9,000 cash Issued 513,000 of preferred stock for cash

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