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The Buttons and Zippers Company buys $30,000 of equipment and funds the purchase using cash. What is the impact of this transaction on the basic

The Buttons and Zippers Company buys $30,000 of equipment and funds the purchase using cash. What is the impact of this transaction on the basic accounting equation?

Only the left-hand side is impacted.

There is no effect.

Both the right-hand side and left-hand side are impacted.

Only the right-hand side is impacted.

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