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Journalize the following transaction for Plant Assets. Make sure to capitalize all letters representing each account. DO NOT include periods, parentheses, or spaces, only
Journalize the following transaction for Plant Assets. Make sure to capitalize all letters representing each account. DO NOT include periods, parentheses, or spaces, only the capitalized letters for the appropriate accounts. ACCOUNT TITLES A Sales Revenue BC Common Stock B Additional Paid in Capital - Common BD Bonds Payable C Loss on Disposal of Plan Assets D Treasury Stock E Miscellaneous Expense BE Paid in Capital - Treasury Stock CD Allowance for Uncollectible Accounts CE Cash Dividend Accumulated Depreciation AB DE Notes Payable Equip. AC Accounts Receivable AD Gain on Disposal of Plan Assets AE Bad Debts Expense ABC Depreciation Expense ABD Cash ABE Equipment On Jan. 2, 20X1 ABC company used a bank note to purchase two pieces of equipment for a total of $20,000 ($10,000 each, but added together in the journal entry). D-AB-20000
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