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Question

Bradley Company, engaged in a courier service business, completed the following selected

transactions during

July 2010:

a. Purchased office equipment on account.

b. Paid an account payable.

c. Earned service revenue on account.

d. Borrowed money by signing a note at the bank.

e. Paid salaries for month to employees.

f. Received cash on account from a charge customer.

g. Received gas and oil bill for month.

h. Purchased delivery truck for cash.

i. Declared and paid a cash dividend.

Using a tabular form similar to Exhibit 4 (Part A), indicate the effect of each transaction on the accounting

equation using (+) for increase and (-) for decrease. No dollar amounts are needed, and you need not fill in th

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