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Bonus question for one point extra credit: Our company agrees to purchase $ 4 , 0 0 0 in furniture from a retail store. No
Bonus question for one point extra credit: Our company agrees to purchase $ in furniture from a retail store. No payment is made at the time of the agreement and the store has not yet shipped or delivered the furniture. The related journal entry would be:
a a debit to Furniture and a credit to Accounts Payable for $
b a debit to Furniture and a credit to Cash for $
c a debit to Accounts Payable and a credit to Cash for $
d There would be no journal entry made at this time
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