If a company issues a note payable when the market rate of interest is equal to the stated rate, then

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Declared a dividend on common stock

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Purchased office equipment using payables

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Issued stock for cash

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Billed customers for services provided

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Analyze the transactions of the business described below and indicate their effect on the basic accounting equation. Use (+) to indicate an increase and (-) to indicate a decrease. SelectNE if there is no effect.