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Assets Increase Decrease Liabilities Increase Decrease Stockholders' equity Increase Decrease Date Description May 15 Pay employees, $70,000, cash Make an offer of employment for a

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Assets Increase Decrease Liabilities Increase Decrease Stockholders' equity Increase Decrease Date Description May 15 Pay employees, $70,000, cash Make an offer of employment for a new May 18 position in the Merchandise & Games office Borrow money from bank by signing a six- May 20 month note, $175,000

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