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9 a Grizzly Co. enters into the following transactions: Stockholders contribute $10,100 cash to a company in exchange for common stock. The company purchases
9 a Grizzly Co. enters into the following transactions: Stockholders contribute $10,100 cash to a company in exchange for common stock. The company purchases $5,050 of new equipment in exchange for its promise to pay $5,050 at the end of next month. The company pays $3,010 to suppliers on account Required: Show the effect of these transactions on the basic accounting equation. Prepare the journal entries that would be used to record the transactions. Complete this question by entering your answers in the tabs below. Required A Required B Show the effect of these transactions on the basic accounting equation. (Enter any decreases to account balances with a minus sign.) Assets Transaction Analysis Liabilities Required B> Stockholders' Equity
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