Answered: Thomas Company issues spok to new… | bartleby

Century 21 Accounting General Journal

Century 21 Accounting General Journal

11th Edition

ISBN:9781337680059

Author:Gilbertson

Publisher:Gilbertson

Chapter17: Financial Statement Analysis

Section: Chapter Questions

Problem 4AP

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Question

Thomas Company issues spok to new investors. $32.000.
Required:
What is the effect of this transaction on individual asset accounts, individual liability accounts, the Capital Stock account, and the
Retained Earnings account?
Check all that apply.
Aa asset account ineases
An aset ccou decases
Alabilay account increases
O A lahlity account decreases.
Capital Stok increases.
O Capital Sock decreases.
Retained Earminggs increase
ORetained Eamings decrease.
Clear
Undo
Help
Neat
I dont know

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