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In a prior year United Charities received a $125,000 gift to be used to acquire vans to provide transportation for physically challenged adults. During the
In a prior year United Charities received a $125,000 gift to be used to acquire vans to provide transportation for physically challenged adults. During the current year, United acquired two vans at a cost of $75,000 each, What are the appropriate entries to record the acquisition?
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