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On May 1, 2020 Harris Corporation purchased three machines for a total of $160,000. If he purchased them separately Machine 1 would have cost $50,000;

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On May 1, 2020 Harris Corporation purchased three machines for a total of $160,000. If he purchased them separately Machine 1 would have cost $50,000; Machine 2 would have cost $80,000; and Machine 3 would have cost $70,000. Required: Prepare the journal entry Harris should make on May 1, 2020

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