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Check my work a . Received $ 1 5 , 5 0 0 cash from owners and issued stock to them. b . Borrowed $
Check my work
a Received $ cash from owners and issued stock to them.
b Borrowed $ cash from a bank and signed a note due later this year.
c Bought and received $ of equipment on account.
d Purchased land for $; paid $ in cash and signed a longterm note for $
e Purchased $ of equipment; paid $ in cash and charged the rest on account.
Required:
For each of the events a through e perform transaction analysis and indicate the account, amount, and direction of the effect on the accounting equation. Enter any decreases to account balances with a minus sign.
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