Using the following categories, indicate the effects of the following transactions. Note: Enter negative amounts with a minus sign. a. Sales on account were $760 and related cost of goods sold was $430. b. Issued 4,000 shares of $1 par value stock for $85,000 cash. Event a a. b. b. Assets Liabilities Accounts payable Accounts receivable Accrued expenses payable Accumulated depreciation Stockholders' Equity

Using the following categories, indicate the effects of the following transactions. Note: Enter negative amounts with a minus sign. a. Sales on account were $760 and related cost of goods sold was $430. b. Issued 4,000 shares of $1 par value stock for $85,000 cash. Event a a. b. b. Assets Liabilities Accounts payable Accounts receivable Accrued expenses payable Accumulated depreciation Stockholders' Equity

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Description: answer in text form please (without image) Using the following categories, indicate the effects of the following transactions.Note: Enter negative amounts with a minus sign.a. Sales on account were $760 and related cost of goods sold was $430.b. Issu

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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