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Accounting

ACC 206 Week 1 Assignment Chapter One Problems

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a. __(I)______ Received $80,000 from the sale of land.
b. ___(O)_____ Received $3,200 from cash sales.
c. __(O)______ Paid a $5,000 dividend.
d. ___(O)_____ Purchased $8,800 of merchandise for cash.
e. ___(F)_____ Received $100,000 from the issuance of common stock.
f. __(O)______ Paid $1,200 of interest on a note payable.
g. __(I)______ Acquired a new laser printer by paying $650.
h. ___(N)_____ Acquired a $400,000 building by signing a $400,000 mortgage note.

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h. ___(N)_____ Acquired a $400,000 building by signing a $400,000 mortgage note.

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