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Exercise 7 17 A U.S. entrepreneur seeking to sell souvenirs at the 2012 summer Olympics in London pays British Airways, a UK carrier, $1,500 for

Exercise 7 17

A U.S. entrepreneur seeking to sell souvenirs at the 2012 summer Olympics in London pays British Airways, a UK carrier, $1,500 for a Los AngelesLondon round-trip ticket. This transaction will be recorded as follows:

What would the debit and credit be and why?

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