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Analyze each of the following transactions and show the effect on the accounting equation. Provide services to customers on account for $50,000. Purchase equipment by

Analyze each of the following transactions and show the effect on the accounting equation.

  1. Provide services to customers on account for $50,000.
  2. Purchase equipment by signing a note with the bank for $35,000.
  3. Repay $10,000 of the note in (2) above.
  4. Pay utilities of $5,000 for the current month

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