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In February, Diaz Corporation purchased a computer system for $23,000. The company paid $16,000 cash and issued a $7,000 note payable for the entire balance.
In February, Diaz Corporation purchased a computer system for $23,000. The company paid $16,000 cash and issued a $7,000 note payable for the entire balance. At the time of the purchase, the company's worth (increases, decreases, does not change) . At the end of the year, Diaz will need to make adjusting journal entries to record and as a result of this acquisition
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