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A company acquires $4,000 of supplies by paying $1,000 cash and putting $3,000 on credit (accounts payable). The journal entry to record this transaction includes
A company acquires $4,000 of supplies by paying $1,000 cash and putting $3,000 on credit (accounts payable). The journal entry to record this transaction includes a debit to Cash for $1,000.
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Cost Accounting Principles And Applications
Authors: Horace R. Brock
5th Edition
0070081522, 978-0070081529
