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Brief Exercise $2-1($Static$)$ Transaction analysis $[$LO$2-1]$

Analyze each of the following transactions and show the effect on the accounting equation.

Provide services to customers on account for $$50,000.$

Purchase equipment by signing a note with the bank for $$35,000.$

Repay $$10,000$ of the note in $(2)$ above.

Pay utilities of $$5,000$ for the current month.