The following transactions occurred during the month of August 2019 for the Washington Apple Company:
1 Issued 10,000 shares of stock in exchange for $100,000 in cash.
2 Purchased equipment at a cost of $70,000 and paid cash.
3 Purchased supplies on account for $5000.
4 Made cash sales of $45,000 in the month of August.
5 Paid rent on a warehouse in amount of $7000 for August.
Required: Analyze each transaction and show the effect of each using for increases and for decreases:
Answers: 1
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The following transactions occurred during the month of August 2019 for the Washington Apple Company...
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