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hey I don't understand this transaction Purchased additional equipment for $6,000 from Master Equipment Company; issued Cheque 1024 for $1,300 and negotiated a loan (i.e.

hey I don't understand this transaction Purchased additional equipment for $6,000 from Master Equipment Company; issued

Cheque 1024 for $1,300 and negotiated a loan (i.e. Note Payable) for the remainder.

The equipment has a five-year life and no salvage value. this is the question

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