Assume that the following events occurred in the following quarter. Paid $35 cash for additional...
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Accounting
Assume that the following events occurred in the following quarter. Paid $35 cash for additional inventory. Issued additional shares of common stock for $30 in cash. Purchased equipment for $220; paid $105 in cash and signed a note to pay the remaining $115 in two years. Signed a short-term note to borrow $14 cash. Conducted negotiations to purchase a sawmill, which is expected to cost $48. Analyze transactions (a)(e) to determine their effects on the accounting equation.
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