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QUESTION 5 A restaurant purchased a new point of sale terminal by paying one-half of its cost in cash and owing the balance on account.
QUESTION 5 A restaurant purchased a new point of sale terminal by paying one-half of its cost in cash and owing the balance on account. The journal entry requires a: a debit to an asset and a credit to two liability accounts Ob debat to two assets and a credit to a liability account Oc debit to an asset, a credit to an asset, and a credit to a liability Od debit to an asset, a debit to a liability, and a credit to a liability QUESTION 6
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