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Consider each of the transaction below independently. All expenditures were made in cash In march, the Cleanway Laundromat bought equipment. Cleanway paid $5,000 down and
Consider each of the transaction below independently. All expenditures were made in cash
In march, the Cleanway Laundromat bought equipment. Cleanway paid $5,000 down and signed a noninterest-bearing note requiring the payment of $30,000 in nine months. The cash price for the equipment was $34,000.
Prepare all necessary journal entries to record each the transaction. Use this format:
Date | Account Titles | DR | CR |
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