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(a) The liabilities of Blossom Company are ( $ 121,000 ) and the owner's equity is ( $ 241,000 ). What is the amount of
(a) The liabilities of Blossom Company are \\( \\$ 121,000 \\) and the owner's equity is \\( \\$ 241,000 \\). What is the amount of Blossom Company's total assets? The following are three business transactions. For each column, indicate whether the transactions increased, decreased, or had no effect on assets, liabilities, and owner's equity. The following are three business transactions. For each column, indicate whether the transactions increased, decrease effect on assets, liabilities, and owner's equity
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