Effect of each transaction on assets and liabilities

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Reference no: EM131491496

What are two ways might aWrite a minimum 150-word response to each of the following scenarios describing the effect of each transaction on assets, liabilities, and stockholder's equity:

Selected transactions for Thyme Advertising Company, Inc.

Issued common stock to investors in exchange for cash received from investors.

Paid monthly rent.

Received cash from customers when service was performed.

Billed customers for services performed.

Paid dividend to stockholders.

Incurred advertising expense on account.

Received cash from customers billed in (4).

Purchased additional equipment for cash.

Purchased equipment on account. financial decision affect firm value?

Reference no: EM131491496

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