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a restaurant purchased an ice machine for $4,000 paying $1,000 in cash with the balance carried on account. The journal entry to record this transacation
a restaurant purchased an ice machine for $4,000 paying $1,000 in cash with the balance carried on account. The journal entry to record this transacation is debit equipment $ 4,000, credit cash $1,000 and credit accounts payable $3,000
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Interpreting and Analyzing Financial Statements
Authors: Karen P. Schoenebeck, Mark P. Holtzman
6th edition
132746247, 978-0132746243
