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Buddy Corporation had the following transactions during the month. Indicate the effect of each transaction on Assets, Liabilities, and Equity. (Put the amount of the

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Buddy Corporation had the following transactions during the month. Indicate the effect of each transaction on Assets, Liabilities, and Equity. (Put the amount of the change in the blank. Use a negative () sign to show a decrease and put a zero if the item was not affected.) A) The owner starts the company by contributing $4,300 cash to the company in exchange for common stock. How does this affect the accounting equation? Assets Liabilities Equity B) The Company purchases a truck by signing a note payable for $9,800. How does this affect the accounting equation? Assets Liabilities Equity C) The Company purchases $1,300 of supplies for cash. How does this affect the accounting equation? Assets Liabilities Equity D) The Company purchases $3,300 of supplies on account. How does this affect the accounting equation? Assets Liabilities Equity E) The Company pays $2,600 on the account owed for the supplies. How does this affect the accounting equation? Assets Liabilities Equity

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