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Assume that Schaefer's Pharmacy, Inc. enters into the following transactions. 3. Issued common stock for $20,000 cash. b. Purchased inventory costing $8,000 on credit. c.

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Assume that Schaefer's Pharmacy, Inc. enters into the following transactions. 3. Issued common stock for $20,000 cash. b. Purchased inventory costing $8,000 on credit. c. Purchased equipment costing $10,000 for cash. d. Paid suppliers $3,000 cash for part of the inventory purchased in b. Report each of the following transactions in the financial statement effects template. Note: For each account category, indicate the appropriate account name. Enter "N/A" for any account category that is not used for a given transaction Note: Indicate a decrease in an account category by including a negative sign with the amount

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