Consider the effects of the independent transactions, a through f, on a company's balance sheet, income statement, statement of cash flows, and statement of stockholders' equity.
a. Owner invests cash into the business in exchange for stock.
b. Recognizes account receivable for services provided.
c. Pays account payable with cash.
d. Buys land with cash.
e. Buys plant equipment on credit.
f. Borrows money by taking out loan at bank.
Complete the table below to explain the effects and financial statement linkages. Use "+" to indicate the account increases and "-" to indicate the account decreases.

Question

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The Answer of Consider the effects of the independent transactions, a through f, on a company's balance sheet, income statement, statement of cash flows, and statement of stockholders' equity.
a. Owner invests cash into the business in exchange for stock.
b. Recognizes account receivable for services provided.
c. Pays account payable with cash.
d. Buys land with cash.
e. Buys plant equipment on credit.
f. Borrows money by taking out loan at bank.
Complete the table below to explain the effects and financial statement linkages. Use "+" to indicate the account increases and "-" to indicate the account decreases.

Consider the Effects of the Independent Transactions, a Through F