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Restate: a. Transaction 2: The $200,000 equipment purchase is made with long-term borrowings instead of cash. b. Transaction 3: The $20,000 in supplies are purchased

Restate:

a. Transaction 2: The $200,000 equipment purchase is made with long-term borrowings instead of cash.

b. Transaction 3: The $20,000 in supplies are purchased with cash instead of on trade credit.

c. Transaction 4: The $50,000 in services provided are immediately paid for by patients instead of billed to third-party payers.

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