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Show effect of each transaction on the accounting equation

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Question 1: During 2022, Flounder Corp. entered into the following transactions. Borrowed $63,900 by issuing bonds. Paid $8,610 cash dividend to stockholders. Received $14,000 cash from a previously billed customer for services performed. PWN!‘ Purchased supplies on account for $3,100. Using the following tabular analysis, show the effect of each transaction on the accounting equation.

Reference no: EM132636836

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