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On February 1, 2017, Healthy Choice Manufacturers purchased equipment for $150,000, paying $30,000 in cash and signing a 10- year mortgage for $120,000 at 8%

On February 1, 2017, Healthy Choice Manufacturers purchased equipment for $150,000, paying $30,000 in cash and signing a 10- year mortgage for $120,000 at 8% annual interest. Prepare the journal entry to record the acquisition of the equipment.

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