Evaluate each of the following transactions in terms of their effect on assets, liabilities, and...
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Accounting
Evaluate each of the following transactions in terms of their effect on assets, liabilities, and equity. 1. Issue $80,000 in stock 2. Borrow $65,000 from a bank 3. Receive payment of $12,000 owed by a customer 4. Pay $6,000 owed to a supplier 5. Buy $17,000 worth of manufacturing supplies on credit 6. Purchase equipment for $47,000 in cash 7. Pay $8,000 owed to a supplier What is the net change in Total Assets?
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