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Sherry went into business and started an organic food store on January 1, 2021. After a few weeks' operations, Sherry checked her inventory of organic

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Sherry went into business and started an organic food store on January 1, 2021. After a few weeks' operations, Sherry checked her inventory of organic broccoll and discovers that several bunches have been rotten and are no longer available for sale: they had a cost of $1,000. The impact of this transaction on accounting equation: Decrease owner's equity 51,000 Increase asset $1,000 None of the other alternatives is correct Increase liability 51.000 Decrease let 51,000

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