Analyze the following transactions from the Level Up! Company. Note the direction of change for...
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Analyze the following transactions from the Level Up! Company. Note the direction of change for each account ty Note: Mark U for Up (increase), D for Down (decrease), or N for No Change. 1. Level Up! repays a loan it initiated two years earlier. A- [a], L - [b], OE [c] 2. Level Up! purchases equipment by issuing a note payable. A - [d], L -[e], OE - [f] 3. Level Up! raises cash by issuing common stock. A - [g], L-[h], OE [i] 4. Level Up! acquires inventory, agreeing to pay the invoice within 30 days. A - [j], L - [k], OE - [l] 5. Level Up! purchases a machine for cash. A - [m], L-[n], OE [o] 6. Level Up! pays the bill from (4) for inventory. A - [p], L-[q], OE - [r]
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