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Sheridan Van Company purchased equipment for $2680 cash. As a result of this event, total assets remained unchanged. O owner's equity decreased by $2680.

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Sheridan Van Company purchased equipment for $2680 cash. As a result of this event, total assets remained unchanged. O owner's equity decreased by $2680. O total assets increased by $2680. owner's equity decreased and total assets increased by $2680.

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