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Show the effect of each transaction on accounting equation

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Reference no: EM133021320

Question - During 2022, Ivanhoe Company entered into the following transactions.

1. Purchased equipment for $317,240 cash.

2. Issued common stock to investors for $135,850 cash.

3. Purchased inventory of $65,970 on account.

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

Reference no: EM133021320

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