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Question 5 During 2022, Ivanhoe Company entered into the following transactions. 1. Purchased equipment for $297,550 cash 2. Issued common stock to investors for $138,090

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Question 5 During 2022, Ivanhoe Company entered into the following transactions. 1. Purchased equipment for $297,550 cash 2. Issued common stock to investors for $138,090 cash. 3. Purchased Inventory of $72,350 on account. Using the following tabular analysis, show the effect of each transaction on the accounting equation (If a transaction causes a decrease in Assets, Llantes or Stockholders' Equity, place a negative slon (or parentheses) in front of the amount entered for the particular Asset ability or Equity item that was reduced. See Illustration 3-4 for example) Liabilities Stockholders' Equity Cash + Inventory Equipment Accounts Payable. Common Stock Retained Earnings (1) (2)

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