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03-06-2023
Business

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Please indicate how each independent transaction affects the accounting equation. Choose "Increase", "Decrease", and "No Effect".
Issued bonds payable at 103 on May 1, 20X1.
Assets [ Select ] ["Increase", "Decrease", "No effect"]
Liabilities [ Select ] ["Increase", "Decrease", "No effect"]
Equity [ Select ] ["Increase", "Decrease", "No effect"]

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