Question: 2) Using the Horizontal Equation below, show the impact to Arlington Co. of the following transactions: a. Arlington Co. sells $700,000 in common stock. b.

2) Using the Horizontal Equation below, show the impact to Arlington Co. of the following transactions: a. Arlington Co. sells $700,000 in common stock. b. Arlington Co. borrows $500,000 from the bank. c. Arlington Co. purchases kitchen equipment for $375,000. d. Arlington Co. sells catering services to customers for $94,000 cash. f. e. Arlington Co. pays salaries of $30,000 to its employees in cash. Jacobson Co. pays $18,000 in cash dividends to its owners. The equipment purchased in C. is now worth $400,000. g. Assets Cash Liablities Equipment Notes Payable Stockholders' Equity Common Stock Retained Earnings

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