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For the transaction below, indicate which account would be debited and which account would be credited. Problem 2.1 Paid for inventory purchased last month. Debit:

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For the transaction below, indicate which account would be debited and which account would be credited. Problem 2.1 Paid for inventory purchased last month. Debit: [Select ] Credit: [Select ] Question 17 4p For the transaction below, indicate which account would be debited and which account would be credited. Problem 2.2 Borrowed money from the bank. Debit: [Select] Credit: [Select ]

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