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Analyzing the Effect of Transactions
Practice/Simulation/Homework/Game
Objectives:
Purpose of Assignment
The purpose of this assignment is to help you become familiar with examining transactions and how it affects the balance sheet.
Assignment Steps
Resources:Financial Accounting: Tools for Business Decision Making
Writea minimum 150-word response to each of the following scenarios from Exercise E3-1 inFinancial Accounting(p. 132) describing the effect of each transaction on assets liabilities and stockholder’s equity:
Usethe Excelspreadsheet to record your answers andsubmitwith your responses.
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Materials