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7. May 14 Land Cash Purchased land for business 53,000 53,000 What effects does this journal entry have on the accounts? Decrease to Cash and

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7. May 14 Land Cash Purchased land for business 53,000 53,000 What effects does this journal entry have on the accounts? Decrease to Cash and decrease to Land Increase to Land and decrease to Cash Increase to Cash and increase to Land Increase to Cash and decrease to Land

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