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Keith deposited $5,000 in a bank account he established for a pet store that he is going to own and operate. The money was obtained
Keith deposited $5,000 in a bank account he established for a pet store that he is going to own and operate. The money was obtained by a bank loan taken by Keith. What effect will the recording of the deposit have on the accounting equation?
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Accounting Information Systems
Authors: George H. Bodnar, William S. Hopwood
11th Edition
0132871939, 978-0132871938
