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Business · Accounting
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QUESTION 1 Record the transaction below Shareholders Equity The following events took place in its first month of business Assets Liabilities Common StockRetained Earnings Issued common stock for cash SELECT AN ANSWER EACH, EVEN IF THERE IS NO EFFECT. IF THERE IS NO EFFECT, SELECT O NO EFFECT. Assets Liabilities -Common Stock A (15,000) Common Stock B. 15,000 Dividend C. 15,000 Net Income 15.000 Common Stock E. 15,000 Cash r. (15,000) Cash G. 15,000 Sales H. 15,000 Notes Payable Retained Earnings 0 No Effect

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