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The foliowing events occurred for Favata Company. a. Recelved $10,500 cash from owners and issued stock to them. b. Borrowed $7500 cash from a bank

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The foliowing events occurred for Favata Company. a. Recelved $10,500 cash from owners and issued stock to them. b. Borrowed $7500 cash from a bank and signed a note due later this year. c Bought and recewed $850 of equipment on account. d. Purchased land for $13,000, pald $1,100 in cash and signed a long leim note for $11,900 e. Purchased $3,$00 of equipment paid $1,500 in cash and charged the rest on account Required: For each of the events (a) through (e), perform transaction analysis and indicate the account, amount, and direction of the effect on the accounting equation. (Enter ony decrenses to oceount bolonces with a minus sign.)

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