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Evaluate each of the following transactions in terms of their effect on assets, liabilities, and equity. 1. Purchase equipment for $43,000 in cash 2. Receive

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

1. Purchase equipment for $43,000 in cash

2. Receive payment of $11,000 owed by a customer

3. Buy $14,000 worth of manufacturing supplies on credit

4. Issue $70,000 in stock

5. Pay $8,000 owed to a supplier

6. Borrow $55,000 from a bank

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

What is the net change in Total Equity?

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