Question: Use this selection for the next five questions: A . C. Net Income Increase Decrease No Effect AA . January 11: New shareholders contribute $10,000

 Use this selection for the next five questions: A . C.

Use this selection for the next five questions: A . C. Net Income Increase Decrease No Effect AA . January 11: New shareholders contribute $10,000 to the corporation in exchange for stock January 14. SER pays employees $3.000 for work during the first 2 weeks of January January 23. A repairman foces the copy machine and leaves a bill for $210. The bill will be paid in February January 31: SER records its monthly depreciation expense of $350 on the equipment January 31: SER pays the rent for February of $750 "Remember this is still January co

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