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1. Payment of a $160 invoice on account. 2. Increase in the fair value of a Fair Value-Net Income Investment by $220. 3. Sale on

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1. Payment of a $160 invoice on account. 2. Increase in the fair value of a Fair Value-Net Income Investment by $220. 3. Sale on account for $112. 4. Purchase of equipment paid for with $510 cash and a $1,065 note payable. 5. Increase in the fair value of a Fair Value-OCI Investment by $152. 6. Repayment of a $1,860 bank loan. Indicate the effect of each of the transactions on (a) the basic accounting equation and (b) the expanded basic accounting equation 1. 2. 3. 4. 5. 6

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