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The following T-accounts indicate the effects of normal business transactions: Equipment 1/1 680 410 ? 12/31 140 Notes Receivable 1/1 80 ? 305 12/31 270

The following T-accounts indicate the effects of normal business transactions: Equipment 1/1 680 410 ? 12/31 140 Notes Receivable 1/1 80 ? 305 12/31 270 Notes Payable 240 1/1 ? 170 130 12/31

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