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Individual A buys a lamborghini on 31-dec for 250,000. They then pay the dealer 10% down payment in cash and finance the remainder. Is this

Individual A buys a lamborghini on 31-dec for 250,000. They then pay the dealer 10% down payment in cash and finance the remainder. Is this payment finance plan short term or long term? Explain Why. Then record the dealers journal entries for this transaction.

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