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March 29, 2015

Homework Help: Math (Finance)

Posted by Brian on Tuesday, September 11, 2007 at 12:19am.

The company used $45,000 in cash to purchase land on the west side of Hatu Lake.


a. List the accounts impacted by the transaction.

b. For each account, indicate whether the transaction increased or decreased the account.

c. For each account, indicate how much the transaction increased or decreased the account.

d. Compute the impact of the transaction on total assets, total liabilities, and total owners' equity.

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