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Required: For each activity, indicate the impact on the accounting equation. After doing so for all transactions, ensure that the accounting equation remains in balance.
Required:
For each activity, indicate the impact on the accounting equation. After doing so for all transactions, ensure that the accounting
equation remains in balance. The first item is provided as an example. Decreases to account classifications should be entered as a
negative.For each account, indicate the type of account and whether the normal account balance is a debit or credit
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