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On Day # 1 of the company's operations, Quietus Ltd . completed the following transactions: sells $ 3 million of common shares buys $ 2
On Day # of the company's operations, Quietus Ltd completed the following transactions:
sells $ million of common shares
buys $ million of equipment
borrows $ million for the bank, plus sells $ million of bonds
The accounting equation at the end of Day # is
Question options:
assets: $ million; liabilities: $ million; equity: million
assets: $ million; liabilities: $ million; equity: $ million
assets: $ million; liabilities: $ million; equity: $ million
none of the listed answers are correct
assets: $ million; liabilities: $ million; equity: $ million
assets: $ million; liabilities: $ million; equity: $ million
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