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Coronado Mail Service purchased equipment for $2460. Coronado paid $370 in cash and signed a note for the balance. Coronado debited the Equipment account, credited

Coronado Mail Service purchased equipment for $2460. Coronado paid $370 in cash and signed a note for the balance. Coronado debited the Equipment account, credited Cash and debited the Capital account for $2090. credited another asset account for $370. credited a liability account for $2090. nothing further must be done

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