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Task 2: Effects of a transaction on asset/liability/owner's equity Identify how each of the following...

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Accounting

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Task 2: Effects of a transaction on asset/liability/owner's equity Identify how each of the following transactions affects the company's financial statements. For the balance sheet, identify how each transaction affects total assets, total liabilities, and owner's equity. If there is an increase, place a + " in the column or columns. If there is decrease, place a "-" in the column or columns. The line for the first transaction is completed as an example

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