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Equipment costing $8,000 is purchased by paying $5,000 cash and signing a note payable for the remainder. The journal entry should include a debit to

Equipment costing $8,000 is purchased by paying $5,000 cash and signing a note payable for the remainder. The journal entry should include a

debit to Equipment.

credit to Notes Receivable.

debit to Notes Payable.

debit to Cash.

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