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Accounting

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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

  • Accounting - ,

    all I need is someone to explain how to go about the queations

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