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For the following transaction, answer the questions that follow in accordance with the rules of journalizing and the double entry accounting system: Transaction: Perry Company

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For the following transaction, answer the questions that follow in accordance with the rules of journalizing and the double entry accounting system: Transaction: Perry Company paid $3,800 on account for equipment previously purchased which two accounts are affected? Choose one Choose one What kind of accounts are Choose one Choose one they Do the account balances Increate or decrease? Increase Decrease Increase Decrease Da we debitor credit the Debit Credit Debit Cred

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