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Show the effects of each transaction on accounting equation

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Question - Beamsley Corporation was organized in 2020 to operate a financial consulting business. The charter authorized 12,000 common shares, no par value. During the first year, the following selected transactions were completed:

a. Issued 5,300 shares of common shares for cash at $18 per share.

b. Issued 1,300 shares of common shares for cash at $21 per share.

Required - Show the effects of each transaction on the accounting equation.

Reference no: EM133173798

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