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2. Jason Factory purchased supplies for 1,200. They paid 600 in cash and agreed to pay the balance in 30 days. The journal entry to

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2. Jason Factory purchased supplies for 1,200. They paid 600 in cash and agreed to pay the balance in 30 days. The journal entry to record this transaction would include a debit to an asset account for 1,200, a credit to a liability account for 600. Which of the following would be the correct way to complete the recording of the transaction? (2.5 Points) Debit the retained earnings account for 600. Credit another liability account for 600. Credit an asset account for 600. Credit the retained earnings account for 600

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