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Bonita Mail Service purchased equipment for $ 2590. Bonita paid $ 420 in cash and signed a note for the balance. Bonita debited the Equipment
Bonita Mail Service purchased equipment for $ 2590. Bonita paid $ 420 in cash and signed a note for the balance. Bonita debited the Equipment account, credited Cash and
A)nothing further must be done.
B) credited a liability account for $ 2170.
C) debited the Capital account for $ 2170.
D)credited another asset account for $ 420.
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