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General Journal: On January 5, 2016, Charlie Company purchased equipment on account for $15,000. The equipment was purchased for $5,000 with cash and the remainder

General Journal:

On January 5, 2016, Charlie Company purchased equipment on account for $15,000. The equipment was purchased for $5,000 with cash and the remainder was on account. Prepare the compound general journal entry (without explanation) needed. If no entry is required then write "No Entry Required."

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