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Analyzing the Effect of Transactions
Purpose of Assignment - The purpose of this assignment is to help you become familiar with examining transactions and how it affects the balance sheet.
Write a minimum 150-word response to each of the following scenarios describing the effect of each transaction on assets, liabilities, and stockholder's equity:
Selected transactions for Thyme Advertising Company, Inc.
Use the Excel spreadsheet to record your answers and submit with your responses.
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