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Indicate what impact the following transactions would have on the accounting equation, Assets = Liabilities + Equity A. Paid monthly note payment to bank B.
Indicate what impact the following transactions would have on the accounting equation, Assets = Liabilities + Equity
A. Paid monthly note payment to bank B. Sold inventory on account C. Bought supploes, to be paid for next month D. Received cash from sales this month E. Paid for inventory purchased on account last month
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