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Show how each of the following affect the accounting equation. June 1: issued 60,000 shares of $o.o4 par value common stock for cash of 110,600.

Show how each of the following affect the accounting equation. June 1: issued 60,000 shares of $o.o4 par value common stock for cash of 110,600. August 1: issued issued 2,500 shares par value prfered stock for cash at 154.00 a share

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