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1. Indicate how each of the following accounting events affect the accounting equation using a horizontal financial statement. a. MG Establishments acquired $25,000 from the

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1. Indicate how each of the following accounting events affect the accounting equation using a horizontal financial statement. a. MG Establishments acquired $25,000 from the issue of common stock b. The company also acquired an additional $400,000 of cash by borrowing from a creditor. c. Paid utilities $30,000 cash

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