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Chip Company recorded journal entries for the declaration of $449 of dividends, the $4,092 increase in accounts receivable for services rendered, and the purchase of
Chip Company recorded journal entries for the declaration of
$449
of dividends, the
$4,092
increase in accounts receivable for services rendered, and the purchase of equipment for
$1,776
. What net effect do these entries have on owners' equity?\ Round your answer to the nearest whole dollar. Don't use dollar signs when entering your answer.
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