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basis recorded in the buyer's accounting records to recognize this purchase is a. $120,000 b. $154,000 c. $172,000 d. $160,000 17. MC. 10-88 The proper

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basis recorded in the buyer's accounting records to recognize this purchase is a. $120,000 b. $154,000 c. $172,000 d. $160,000 17. MC. 10-88 The proper journal entry to purchase a computer costing $975 on account to be utilized within the business would b Office Supplies Office Equipment Office Equipment 975 Accounts Receivable 975 975 Accounts Payable 975 975 975 Accounts Receivable 975 Office Supplies 975 Accounts Payable MC. 11-76 e amount of federal income taxes withheld from an employee's gross pay is recorded as a(n) payroll expense tide 1460723

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