Leppard Enterprises had the following selected transactions. 1. Kim Leppard invested $5,090 cash … 1 answer below »

DROPDOWN CHOICES

Leppard Enterprises had the following selected transactions. 1. Kim Leppard invested $5,090 cash in the business in exchange for common stock. 2. Paid office rent of $967 3. Performed consulting services and billed a client $4,785. 4. Declared and paid a $611 cash dividend (a) Indicate the effect each transaction has on the accounting equation, (Assets Liabilities Stockholders’ Equity), using plus and minus signs Assets Liabilities Stockholders’ Equity 2.

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