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Q: Evaluate each of the following transactions in terms of their effect on assets, liabilities, and equity. 1. Pay $4,000 owed to a supplier 2.
Q: Evaluate each of the following transactions in terms of their effect on assets, liabilities, and equity. 1. Pay $4,000 owed to a supplier 2. Issue $90,000 in stock 3. Buy $16,000 worth of manufacturing supplies on credit 4. Purchase equipment for $49,000 in cash What is the net change in Total Equity
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