Question: PA6. LO 3.4 Indicate what impact (+ for increase; - for decrease) the following transactions would have on the accounting equation, Assets Liabilities +

PA6. LO 3.4 Indicate what impact (+ for increase; - for decrease)

PA6. LO 3.4 Indicate what impact (+ for increase; - for decrease) the following transactions would have on the accounting equation, Assets Liabilities + Equity. Include A (assets), L (liabilities), and E (equity) in your answer. Solution Issued stock for cash Impact 1 Impact 2 Purchased supplies on account Paid employee salaries Paid note payment to bank Collected balance on accounts receivable

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