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Evaluate each of the following transactions in terms of their effect on assets, liabilities, and equity. 1 . Buy $ 1 5 , 0 0

Evaluate each of the following transactions in terms of their effect on assets, liabilities, and equity.
1. Buy $15,000 worth of manufacturing supplies on credit
2. Purchase equipment for $48,000 in cash
3. Receive payment of $13,000 owed by a customer
4. Issue $70,000 in stock
What is the net change in Total Liabilities?

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