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Oliver Company has acquired a used piece of equipment for $4,000 and paid transportation costs of $200. The journal entry would be (assuming cash was
Oliver Company has acquired a used piece of equipment for $4,000 and paid transportation costs of $200. The journal entry would be (assuming cash was paid): OA Equipment Delivery Expense Cash OB. Cash Equipment OC. Cash Delivery Expense Equipment OD. Equipment Cash 4,200 4,000 200 4,200 4.200 4,200 2001 4,000 4,200 4,200
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