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Part A. What is double-entry bookkeeping? How is it used; how is it helpful for users, creditors, investors, and regulators (e.g., the IRS)? Part B.

Part A. What is double-entry bookkeeping? How is it used; how is it helpful for users, creditors, investors, and regulators (e.g., the IRS)? Part B. If property, plant, and equipment is purchased for cash in the amount of $10,000 by ABC Inc., what are the journal entries for ABC Inc.? What are the journal entries for the seller of the property, plant, and equipment?

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