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D Question 34 Office Closet has the following assets and liabilities at fair value: Accounts Receivable Equipment Accounts Payable $2,000 7,000 1,000 5 pts
D Question 34 Office Closet has the following assets and liabilities at fair value: Accounts Receivable Equipment Accounts Payable $2,000 7,000 1,000 5 pts Supply Warehouse paid $15,000 to acquire it. What would be the General Journal entry made in Supply Warehouse's accounting system on the date of acquisition? A. Accounts Receivable Equipment Accounts Payable Goodwill Cash Debit Credit 2,000 7,000 1,000 5,000 15,000 B. Accounts Receivable 2,000 Equipment 7,000 Accounts Payable 1,000 Cash 8,000 C. Accounts Receivable 2,000
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