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Evaluate each of the following transactions in terms of their effect on assets, liabilities, and equity. 1. Issue $80,000 in stock 2. Borrow $65,000 from

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

1. Issue $80,000 in stock 2. Borrow $65,000 from a bank 3. Receive payment of $12,000 owed by a customer 4. Pay $6,000 owed to a supplier

What is the net change in Total Assets?

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