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A $50,000 machine is purchased by paying $15,000 cash and signing a note payable for the remainder. The journal entry should include a A. Credit

A $50,000 machine is purchased by paying $15,000 cash and signing a note payable for the remainder. The journal entry should include a A. Credit to note payable. B. Debit to cash. C. Credit to notes receivable. D. Credit to machinery.

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