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HW Given the basic accounting equation: Assets - Liabilities + Equity, complete the following: 1) Assets - $120,000 Liabilities = $50,000 Equity ? 2) Assets

HW Given the basic accounting equation: Assets - Liabilities + Equity, complete the following: 1) Assets - $120,000 Liabilities = $50,000 Equity ? 2) Assets ? Liabilities = $75,000 Equity - $55,000 3) Assets = $150,000 Liabilities? Equity-$50,000

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