Myadd, Inc., spent $3,000 on catering for its grand opening. Myadd paid the caterer half of the

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Myadd, Inc., spent $3,000 on catering for its grand opening. Myadd paid the caterer half of the bill at the event, and requested a bill for the remaining half. The following day, Myadd’s accountant had to record the transaction. Show what he or she recorded by using the accounting equation.

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