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Posted on Sep 01, 2024

BEDCO purchased office equipment for $20,000 from IKEA by paying 30% cash and 70% on account. The journal entry in IKEAs books will include *

a-Debit Account Receivable for $14,000

b-Credit Account Payable for $14,000

c-Credit Note Payable for $20,000

d-None of the above

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