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Examine the following transactions for the Markham Company. Incate the change in Total assets by entering U for Up (increase), D for Down (decrease), or

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Examine the following transactions for the Markham Company. Incate the change in Total assets by entering U for Up (increase), D for Down (decrease), or N for No Change. 1. Markham issues common stock to new investors. [a] 2. Markham purchases inventory, paying cash when the inventory is received. [b] 3. Markham acquires equipment by issuing a note payable that requires them to pay for the equipment over the next two years. [c] 4. Markham acquires inventory and agrees to pay the vendor's invoice next month. [d] 5. Markham uses cash to repay a loan that was taken out three years earlier. [e] 6. Markham pays the bill for the inventory originally acquired in (4) above. [f]

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