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July 1, 2015

Homework Help: Accounting

Posted by johnny on Tuesday, March 17, 2009 at 6:21pm.

The company borrowed 85,000 from eastern Bank and the questions are
a. List thename of the accountsthat are 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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