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Soar Inc. enters into the following ransactions: a. Stockholders contribute $10,900 cash to a company in exchange for common stock b. The company purchases $5,450

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Soar Inc. enters into the following ransactions: a. Stockholders contribute $10,900 cash to a company in exchange for common stock b. The company purchases $5,450 to buy new equipment by paying cash. c. The company pays $3,090 t0 suppliers on account Required: a. Show the effect of these transactions on the basic accounting equation. (Enter any decreases to account balances with a minus sign

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