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Mrs. Sharma purchased Furniture on credit for $20,000 from an Equipment company. Record this transaction: A. Debit Furniture $20,000; Credit Capital $20,000 B. Debit
Mrs. Sharma purchased Furniture on credit for $20,000 from an Equipment company. Record this transaction: A. Debit Furniture $20,000; Credit Capital $20,000 B. Debit Furniture $20,000; Credit Accounts Payable $20,000 C. Debit Accounts Payable $20,000; Credit Equipment Loan $20,000 D. Debit Furniture $20,000; Credit Accounts Receivable $20,000
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