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September 4, 2015

Homework Help: Accounting

Posted by patti on Tuesday, March 17, 2009 at 2:48pm.

Impact of a Transaction
The company borrowed $85,000 in cash from Eastern Bank.
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

How do i fiqure this out?

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