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Monty Corp. had the following transactions. 1. Borrowed $5,043 from the bank by signing a note. 2. Paid $2,521 cash for a computer. 3. Purchased

Monty Corp. had the following transactions. 1. Borrowed $5,043 from the bank by signing a note. 2. Paid $2,521 cash for a computer. 3. Purchased $454 of supplies on account. (a) Indicate what accounts are increased and decreased by each transaction. Debit Analysis Account Names Cred 1. 2. 3

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