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During 2018, Campbell Company entered into the following transactions. 1. Purchased equipment for $275,000 cash. 2. Issued common stock to investors for $125,000 cash. 3.
During 2018, Campbell Company entered into the following transactions. 1. Purchased equipment for $275,000 cash. 2. Issued common stock to investors for $125,000 cash. 3. Purchased inventory of $68,000 on account. Using the following tabular analysis, show the effect of each transaction on the accounting equation. Put explanations for changes to revenues or expenses in the right-hand margin. For retained earnings, use separate columns for revenues, expenses, and dividends if necessary.
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