S2- 4 (L earn i ng Obj ec tiv es 3 , 4: S ho w t he imp ac t o f bu s i ness t ransac ti ons on t he

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S2-4 (Learning Objectives 3, 4: Show the impact of business transactions on the accounting equation; analyze the impact of business transactions on accounts) Refer to Short Exercise 2-3. Which of the transactions of Faith Varitek, MD, increased the total assets of the business? For each transaction, identify the asset that was increased.