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During 2025, Sunland Company entered into the following transactions. 1. Purchased equipment for $288,950 cash 2. Issued common stock to investors for $139,510 cash.
During 2025, Sunland Company entered into the following transactions. 1. Purchased equipment for $288,950 cash 2. Issued common stock to investors for $139,510 cash. 3. Purchased inventory of $64,750 on account. Using the following tabular analysis, show the effect of each transaction on the accounting equation. If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced) (1) $ BE (2) (3) Cash Assets Inventory Liabilities Equipment Accounts Paya
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