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Basic journal entry with the step - through method For the following transaction, answer the questions that follow in accordance with the rules of journalizing

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Basic journal entry with the step-through method
For the following transaction, answer the questions that follow in accordance with the rules of journalizing and the double-entry accour Transaction:
Smith Company paid $3,700 to a supplier on account.
\table[[\table[[Which two accounts are],[affected?]],Choose one,],[Lnoose one 2,Choose one],[What kind of accounts are,,],[they?,\table[[Choose one,
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