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On February 1,2022, Healthy Choice Manufacturers purchased equipment for $300,000, paying 550,000 in cash and signing a 10 -year mortgage for the balance at 8%

On February 1,2022, Healthy Choice Manufacturers purchased equipment for $300,000, paying 550,000 in cash and signing a 10 -year mortgage for the balance at 8% annual interest. Prepare the journal eatry to record the acquisition of the equipment

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