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1) During December, the following transactions occur, analyze each on the analysis tab. December 1 Purchased equipment for $20,000 by signing a five year note

1) During December, the following transactions occur, analyze each on the analysis tab. December 1 Purchased equipment for $20,000 by signing a five year note payable. December 2 Purchase rental space for one year in advance, $8,400 ($700/month). December 9 Purchase additional supplies on account, $4,30

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