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Purchased a machinery for $100000. 50% of the amount is paid by cash, the remaining will be paid in the future. The journal entry to
Purchased a machinery for $100000. 50% of the amount is paid by cash, the remaining will be paid in the future. The journal entry to record the transaction is:
Select one:
a. debit, machinery $100 000 and credit, cash $50 000, credit, accounts payable $50 000.
b. debit, machinery $100 000 and credit, cash $100 000.
c. debit, machinery $100 000 and credit, accounts payable $100 000.
d. debit, machinery $50 000 and credit, cash $50 000.
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