Several transactions are listed below,with the accounting equation stated to the right side of each.Use the following identification codes to indicate the effects of each transaction on the accounting equation.Write your answers in the space provided under the accounting equation.You need an identification code for each element of the accounting equation.An example is given before the first transaction.
Correct Answer:
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Q179: On October 17, Nikle Company purchased a
Q182: Increases and decreases in various types of
Q184: Analyze the effect of the following transactions
Q185: On January 7,stockholders invest $45,000 to initiate
Q187: On December 1, JumpStart Company provides $2,800
Q190: On November 1,Nikle Company made a cash
Q191: On September 1, Erika Company purchased land
Q197: On August 30, JumpStart incurred the following
Q214: Prepare a journal entry on October 12
Q220: Prepare a journal entry for the purchase
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