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Evaluate each of the following transactions in terms of their effect on assets, liabilities, and equity. 1. Pay $4,000 owed to a supplier 2. Issue

Evaluate each of the following transactions in terms of their effect on assets, liabilities, and equity.

1. Pay $4,000 owed to a supplier

2. Issue $90,000 in stock

3. Buy $16,000 worth of manufacturing supplies on credit

4. Purchase equipment for $49,000 in cash

5. Borrow $65,000 from a bank

6. Receive payment of $10,000 owed by a customer

7. Buy $17,000 worth of manufacturing supplies on credit

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