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Show the effect of each transaction for cullumber company

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Reference no: EM132636839

During 2022, Cullumber Company entered into the following transactions.

1. Purchased equipment for $268,170 cash.

2. Issued common stock to investors for $136,140 cash.

3. Purchased inventory of $63,580 on account.

Problem 1: Using the following tabular analysis, show the effect of each transaction on the accounting equation.

Reference no: EM132636839

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