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Borrowed $26,500 from a local bank. Lent $10,000 to an affiliate; accepted a note due in one year. Sold 100 additional shares of stock with

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Borrowed $26,500 from a local bank. Lent $10,000 to an affiliate; accepted a note due in one year. Sold 100 additional shares of stock with a par value of $0.10 per share to investors f Purchased $29,000 of equipment, paying $5,500 cash and signing a note for the res Declared and paid $1,900 in dividends to stockholders. or each of the preceding transactions, record the effects of the transaction in the ap d determine ending account balances. Beginning balances are provided. Cash leg. Ball 1,100 26,500 10,000/ (b) 900 5,500/ (d) 1,900/ (e) and. Bal. 11,100 Equipment leg. Ball 21,000 d) 29,000/ End. Ball 50.000

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