Selected transactions completed by a proprietorship are described below. Indicate the effects of each transaction...
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Accounting
Selected transactions completed by a proprietorship are described below. Indicate the effects of each transaction on assets (A), liabilities (L), and owner's equity (OE) by inserting "+" for increase, "-" for decrease, and "NE" for no effect in the appropriate columns at the right. If appropriate, you may insert more than one symbol in a column.
| A | L | OE | |||
| a. | Purchased land with cash |
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| b. | Received cash from customers on account |
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| c. | Determined the amount of supplies used this month |
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| d. | Received cash from owner as additional investment |
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| e. | Paid miscellaneous expense |
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