Keith deposited $5,000 in a bank account he established for a pet store that he is going

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Keith deposited $5,000 in a bank account he established for a pet store that he is going to own and operate. The money was obtained by a bank loan taken by Keith. What effect will the recording of the deposit have on the accounting equation?

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Accounting Information Systems

ISBN: 9780132871938

11th Edition

Authors: George H. Bodnar, William S. Hopwood

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Posted Date: Mar 16, 2024 10:18 PM

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Keith deposited $5,000 in a bank account he established for a pet store that he is going

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Accounting Information Systems

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