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Problem 1 (10 points). The effect of transactions on the bafance sheet equation. This problem wi require you to record a series of transactions as

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Problem 1 (10 points). The effect of transactions on the bafance sheet equation. This problem wi require you to record a series of transactions as either increases (1), decreases (D), or no change (NC) to assets, liabilities, and shareholders' equity. Study Exercise 1-6 and the \"Balance Sheet\" portion of Exercise 2-1 for guidance on completing this

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