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Wong Computer Corporation Entered Into These Transactions During The Month
Wong Computer Corporation Entered Into These Transactions During The Month
Wong Computer Corporation entered into these transactions during the month of May:
5. Issued common shares to Li Wong in exchange for an additional $20,000 investment in the
business.
Instructions
Using (+) for increase, (-) for decrease, and (NE) for no effect, indicate the effect each of the
transactions listed above had on the accounting equation and its amount. Use the following
format, in which the first one has been done for you as an example:
1/2
Wong Computer Corporation entered into these transactions during the month
ANSWER
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