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Prepare the following journal entry; all transactions listed occurred in January: The company purchased a delivery van for deliveries. The purchase price was $21,500. A

Prepare the following journal entry; all transactions listed occurred in January:

The company purchased a delivery van for deliveries. The purchase price was $21,500.

A down payment of $5,000 cash was paid by check, and the company signed a promissory note for the remaining amount owed.

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