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Question 12 3 pts Cortez company purchased a $200,000 building by paying $50,000 in cash and issuing a note for the balance. This transaction will

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Question 12 3 pts Cortez company purchased a $200,000 building by paying $50,000 in cash and issuing a note for the balance. This transaction will Increase the building account for $200,000, decrease Cash by $50,000 and decrease Notes Payable for 5150,000 Increase the Hunding account for 550,000 and decrease Cash for $50,000 Increase the Building account for $200,000, decrease Cash by $50,000 and increase Notes Receivable for 5150,000 Increase the Building account for $200,000, decrease Cash by $50,000 and increase Notes Payable for $150,000 Question 13 3 pts On June 1, 2021, Alan Harper buys a copier machine for his business and finances this purchase with cash and a note. When journalizing this transaction, he will O make a simple entry O use two journal entries list the credit entries first, which is proper form for this type of transaction make a compound entry

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