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Indicate the impact of the following items on the accounting equation: Purchase inventory in cash Borrow a loan from a credit union Pay dividends that
Indicate the impact of the following items on the accounting equation:
Purchase inventory in cash
Borrow a loan from a credit union
Pay dividends that were declared to shareholders in the last accounting period (already recorded)
Purchase a building by obtaining a mortgage from the bank
Sold inventory to customers on account
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