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The accounting equation for Blossom Company is as follows: Assets Liabilities Stockholders' Equity. $120200 = $60100 $60100 If Blossom purchases office equipment on account for
The accounting equation for Blossom Company is as follows: Assets Liabilities Stockholders' Equity. $120200 = $60100 $60100 If Blossom purchases office equipment on account for $26000, the accounting equation will change to Stockholders' Equity Assets Liabilities o $146200 = $86100 + $60100 o o $120200 $60100 + $60100 o $146200 = $73100 + $73100 O o $146200 = $60100 + $86100
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