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f $9,600 cash and a $31,000 note payable are given in exchange for some office...

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Accounting

f $9,600 cash and a $31,000 note payable are given in exchange for some office machines to be used in business: please select a. total assets are increased b. total liabilities are decreased c. total assets are decreased d. the owner's equity is increased

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FebruaryDate2-Feb3-Feb4-Feb5-Feb6-Feb8-Feb9-Feb10-Feb11-Feb13-Feb17-Feb19-Feb22-Feb26-Feb27-Feb28-FebTransactionsDescriptionPaidthismonthsrent,ReceivedfeesforthismonthsservicesPurchasessuppliesonaccountRe-imbursedbusdriverforgasOrderedplaygroundequipmentMadeapaymentonaccountReceivedpaymentsfromcustomeronaccountBilledcustomerswhohadnotyetpaidforthismonthsservicesPaidforsuppliespurchasedon2/2Purchasedandreceivedplaygroundequipmentorderedon2/6forcashPurchsedequipmentonaccountPaidthismonthsutilitybillReceivedpaymentforthemonthsservicesfromcustomerspreviouslybilledPaidpart-timeassistantsforservicesPurchasedgasandoilforbusonaccountMadeacashwithdrawlAmount40065085401,0001701,2007001,000290145500460325200 III.Generate ending balances in T accounts IV.Prepare i.Trial Balance ii.Income Statement iii.Statement of Equity...

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