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A company purchases $200 worth of equipment using a business line of credit. Since this is a liability, which of the following should be included
A company purchases $200 worth of equipment using a business line of credit. Since this is a liability, which of the following should be included in this transaction? OA. a $200 credit to Equipment B. a $200 credit to Accounts Payable OC. a $200 debit to Cash OD. a $200 debit to Accounts Receivable Step by Step Solution
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Survey of Accounting
Authors: Carl S. Warren
8th edition
1305961889, 978-1337517386, 1337517380, 978-1305961883
