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Question 12 4.5 pts On 1/1, the Bicycle Vending Machine Company purchased $10,000 of inventory on account. When the Bicycle Vending Machine Company paid the

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Question 12 4.5 pts On 1/1, the Bicycle Vending Machine Company purchased $10,000 of inventory on account. When the Bicycle Vending Machine Company paid the invoice on 2/5, which account was debited? Cash Cost of Goods Sold Revenue Accounts Payable Accounts receivable Inventory nuntian 12 On 1/1, the UCF Bicycle Vending Machine Company took out a loan in the amount of $25,000 from Fairwinds Credit Union and signed a 6 month promissory note. What entry should Bicycle Vending Machine Company record on 1/1? (Select ALL that apply) Credit Accounts Payable for $25,000 Debit Short-term Notes Payable for $25,000 Credit Cash for $25.000 Debit Cash for $25,000 Credit Short-term Notes Payable for $25,000 Debit Accounts Payable for $25.000 Debit Long-term Notes Payable for $25,000 Credit Long-term Notes Payable for $25.000 Question 14 4.5 pts o e o

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