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Deer Park Building Company purchased $76,500 of equipment from a local shop. The equipment was originally being sold for $85,000 but local business who pay

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Deer Park Building Company purchased $76,500 of equipment from a local shop. The equipment was originally being sold for $85,000 but local business who pay cash are given a 10% discount. Which of the following would be reflected in this journal entry? Debit Depreciation Expense for $6,500 Debit to Equipment for $25,000 Credit to Cash for $55,000 Dehitto Equipment for 76,500 Pres Next > Su Test for Grading All work saved MacBook Air

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