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5 A business sells $100 worth of goods to a customer, the customer pays $50 in cash immediately and will pay the remaining $50 in
5 A business sells $100 worth of goods to a customer, the customer pays $50 in cash immediately and will pay the remaining $50 in 30 days' time. What is the double entry to record the purchase in the customer's accounting records? o DEBIT cash $50, CREDIT payables $50, CREDIT purchases $50 o DEBIT poyables $50, DEBIT cash $50, CREDIT purchases $100 o DEBIT purchases $100, CREDIT payables $50. CREDIT cash $50 DEBIT purchases $100. CREDIT cash $100 (2 marks) o
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