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The owners invested $ 500000 (the par value of the stock) for 20,000 shares of common stock; the company purchased furniture for the florist shop
The owners invested $ 500000 (the par value of the stock) for 20,000 shares of common stock; the company purchased furniture for the florist shop in the amount of $ 20 comma 000, which was put on a credit account with the vendor; and the company paid employees wages of $ 5 comma 000 in cash. What is the effect of each of these transactions on the accounting equation
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