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Evaluate each of the following transactions in terms of their effect on assets, liabilities, and equity. 1. Purchase equipment for $50,000 in cash 2. Borrow

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

1. Purchase equipment for $50,000 in cash

2. Borrow $67,000 from a bank

3. Issue $80,000 in stock

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

What is the net change in Total Equity?

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