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Bertels Company buys a warehouse on account (taking out a mortgage) for $300,000. The transaction to record the initial purchase of the warehouse will affect
Bertels Company buys a warehouse on account (taking out a mortgage) for $300,000. The transaction to record the initial purchase of the warehouse will affect the income statement and owner's equity statement only. balance sheet only. income statement only. income statement, owner's equity statement, and balance sheet
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