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Fred bought a new laptop for his home based business and receives a bill for $ 5 0 0 due in 3 0 days. The

Fred bought a new laptop for his home based business and receives a bill for $500 due in 30 days. The two accounts and amounts of this transaction are:
Equipment Add $500 and Accounts Receivable Add $500
Equipment Add $500 and Accounts Payable Add $500
Supplies Add $500 and Accounts Receivable Subtract $500
Accounts Receivable Add $500 and Accounts Payable Add $500

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