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Crimson company has assets of $100,000, liabilities of $10,000, and owner's equity of $90,000. If it buys office equipment on credit for $5,000. The effects

Crimson company has assets of $100,000, liabilities of $10,000, and owner's equity of $90,000. If it buys office equipment on credit for $5,000. The effects on this transaction include?

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