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value: 0.00 points The following events occurred for Favata Company: a. Received $12,000 cash from owners and issued stock to them. b. Borrowed S9,000 cash
value: 0.00 points The following events occurred for Favata Company: a. Received $12,000 cash from owners and issued stock to them. b. Borrowed S9,000 cash from a bank and signed a note due later this year c. Bought and received $1,000 of equipment on account d. Purchased land for $16,000; paid $1,400 in cash and signed a long-term note for $14,600 e. Purchased $5,000 of equipment, paid $1,400 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 +for increase and for decrease) on the accounting equation. (Enter any decreases to account balances with a minus sign.) Assets Liabilities Stockholders' Equity a. b. C
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