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Darnell Company purchased $88,000 of computer equipment from Joeseph Comany, Darnell Company paid for the equipment using cash that had been obtained from the initial

Darnell Company purchased $88,000 of computer equipment from Joeseph Comany, Darnell Company paid for the equipment using cash that had been obtained from the initial investment by Donnie Darnell. The transaction involving the computer equipment should be recorded on the accounting records of which of the following entities. Darnell Company & Darnell stockholders' personal records Joseph Darnell & Darnell stockholders' personal records Darnell Company and Joseph Darnell Joseph Darnell

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