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Question Content Area Simpson Auto Body Repair purchased $ 1 9 , 8 9 8 of Machinery. The company paid $ 4 , 2 3

Question Content Area

Simpson Auto Body Repair purchased $

19, 898

of Machinery. The company paid $

4, 239

in cash at the time of the purchase and the remainder was purchased on account to be paid in four monthly installments.

.

How will the purchase affect the accounting equation?

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