I need answers numbers for this. Merle Company pays $3,000 towards the amount due to the equipment purchase. The effect to Equity would be: (Type your numeric answer and submit) Clint M. Invests $30,000 into Merle Company. The effect to Liabilities would be: (Type your numeric answer and

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter19: Lease Financing
Section: Chapter Questions
Problem 1P: Reynolds Construction (RC) needs a piece of equipment that costs 200. RC can either lease the...
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I need answers numbers for this. Merle Company pays $3,000 towards the amount due to the equipment purchase. The effect to Equity would be: (Type your numeric answer and submit) Clint M. Invests $30,000 into Merle Company. The effect to Liabilities would be: (Type your numeric answer and submit) Clint M. Invests $30,000 into Merle Company. The effect to Equity would be: (Type your numeric answer and submit) Merle Company purchases a piece of equipment for $5,000 on account. The effect to Assets would be: (Type your numeric answer and submit)
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