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Determine accounting equation increase assets liabilities

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Reference no: EM132465472

Required information [The following information applies to the questions displayed below] The following transactions occur for the Wolfpack Shoe Company during the month of June:

Point a. Provide services to customers for $21,500 and receive cash.

Point b. Purchase office supplies on account for $11,500.

Point c Pay $5,300 in salaries to employees for work performed during the month.

Question 1: 1. Analyze each transaction. For each transaction indicate by how much each category in the accounting equation increase or decrease Assets liabilities and stockholders

Reference no: EM132465472

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