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LeVon Fashions specializes in imported clothing. During March, LeVon completed a series of transactions. For each of the following items, give an example of a transaction that has the described effect
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LeVon Fashions specializes in imported clothing. During March, LeVon completed a series of transactions. For each of the following items, give an example of a transaction that has the described effect on the accounting equation of LeVon Fashions.

User Mattias Nordberg
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Answer: Increase an asset , increase a liability.

Purchasing asset on account and getting long term Loan

User Joshlo
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