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7. Equipment costing $20,400 is purchased by paying $5,100 cash and signing a note payable for the remainder. The journal entry should include a a.

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7. Equipment costing $20,400 is purchased by paying $5,100 cash and signing a note payable for the remainder. The journal entry should include a a. credit to Notes Receivable. b. credit to Equipment. C. debit to Notes Payable. d. credit to Cash

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