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. Pay $4,000 owed to a supplier 2. Issue $90,000 in stock 3. Buy $16,000 worth of manufacturing supplies on credit 4. Purchase equipment for $49,000 in cash 5. Borrow $65,000 from a bank 6. Receive payment of $10,000 owed by a customer 7. Buy $17,000 worth of manufacturing supplies on credit What is the net change in Total Equity
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