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How do I journalize the following? On April 1 the company purchased a new economic water system for $39,000. $6,500 was paid in cash and
How do I journalize the following?
On April 1 the company purchased a new economic water system for $39,000. $6,500 was paid in cash and the company issued a long-term note with an 8% annual interest rate for the balance.
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