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Selected transactions for Golden Apples Catering Company are listed below
1. Made cash investment to start business.2. Paid monthly electricity bill3. Purchased food on account.4. Received cash from customers5. Paid dividends.6. Paid weekly wages7. Paid for food purchased in transaction (3).8. Purchased additional kitchen equipment on account.9. Paid rent for the month.
InstructionsList the numbers of the preceding transactions and describe the effect of each transaction on assets, liabilities, and stockholders' equity. For example, the first answer is: (1) Increase in assets and increase in stockholders' equity.
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