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Savatey [412]
4 years ago
14

Identify how each of the following separate transactions 1 through 10 affects financial statements. For increases, place a "+" a

nd the dollar amount in the column or columns. For decreases, place a "−" and the dollar amount in the column or columns. Some cells may contain both an increase (+) and a decrease (−) along with the dollar amounts. The first transaction is completed as an example.
Required:
a. For the balance sheet, identify how each transaction affects total assets, total liabilities, and total equity. For the income statement, identify how each transaction affects net income.
b. For the statement of cash flows, identify how each transaction affects cash flows from operating activities, cash flows from investing activities, and cash flows from financing activities.
Business
1 answer:
kari74 [83]4 years ago
5 0

Answer:

I have attached a word document

Explanation:

please refer to the attached word document with the solution as well as the explanation of each type of account.

Download docx
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Tomtit [17]

Answer:

Number of new shares:

= 100,000×(1÷2)

= 50,000

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Total number of shares after issue:

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Share price after issue:

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lapo4ka [179]

Answer:

d.The post-closing trial balance is the only one to include only real accounts.

Explanation:

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3 years ago
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MissTica

There are two types of inquiries into your credit history: hard and soft.

Hard inquiries happen when lenders view your credit history in an attempt to lend you money. These will affect your credit scores.

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