4.For each transaction numbered1through6, identify its effect on the accounting equation by selecting fromathroughhbelow. You may use each letter more than once or not at all.
a.Debit assets and credit liabilities
b.Debit one asset and credit another asset
c.Debit assets and credit retained earnings/revenue
d.Debit liabilities and credit assets
e.Debit contributed capital and credit assets
f.Debit retained earnings and credit assets
g.Debit assets and credit contributed capital
h.Not communicated by the formal accounting system
____1.Received cash in exchange for the issue of common stock
____2.Received cash in exchange for the issue of a note payable
____3.Purchased building and land in exchange for a mortgage note payable
____4.Purchased computer equipment for cash
____5.Purchased computer supplies on account
____6.Provided computer services to customers for cash
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