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At the beginning of the year, Landon Builders purchased raw materiais in the amount of $90,000 to produce goods to soll. Landon paid cash. What
At the beginning of the year, Landon Builders purchased raw materiais in the amount of $90,000 to produce goods to soll. Landon paid cash. What is the effect of this transaction on the accounting equation? (If an input field is not used in the table leave the input field empty, do not enter a zero. Enter a decrease in an account with a minus sign or parentheses Abbreviatons used Acc. OCi * Accumulated Other Comprehensive Income; Beg. REE = Beginning Retained Eamings; Contr. Cap, = Contribuled Capitat; RM = Raw Materials.)
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