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Car Wash Inc. purchased car wash equipment by signing long term notes payable for $50,000. This transaction would be recorded as: Cash $50,000 Equiment $50,000

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Car Wash Inc. purchased car wash equipment by signing long term notes payable for $50,000. This transaction would be recorded as: Cash $50,000 Equiment $50,000 $50,000 $50,000 $50,000 Notes payable Equiment Equipment Cash OD Equipment Notes payable $50,000 $50,000 $50,000

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