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During 2022, Blossom Company entered into the following transactions. 1. Purchased equipment for $323,340 cash 2 Issued common stock to investors for $139,300 cash. 3.

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During 2022, Blossom Company entered into the following transactions. 1. Purchased equipment for $323,340 cash 2 Issued common stock to investors for $139,300 cash. 3. Purchased inventory of $71,720 on account. Using the following tabular analysis, show the effect of each transaction on the accounting equation (if a transaction couses a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. See illustration 3-4 for example) Assets Stockh - Liabilities - Accounts Payable Cash + Inventory + Equipment + Common Stock (1) $ e Textbook and Media

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