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Jones Lake Inc purchased machinery at a cost of $10,000 by paying $2,000 cash and issuing a note for the balance. This transaction will cause:
Jones Lake Inc purchased machinery at a cost of $10,000 by paying $2,000 cash and issuing a note for the balance. This transaction will cause: a. machinery to be debited for $10,000 O b. cash to be credited for $8,000 C. notes payable to be debited for $8,000 O d. machinery to be credited for $8,000
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