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Business, 24.02.2020 23:58 kendratorres200
The company entered into the following transactions during July Year 3. Stockholders contribute $370,000 cash for additional ownership shares and the company borrows $185,000 in cash from a bank by signing a note payable to buy new equipment at a later date. No other transactions took place during July, Year 3.
Show the effect of these transactions on the basic accounting equation.
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The company entered into the following transactions during July Year 3. Stockholders contribute $370...
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