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Radio Moscow Industries purchased supplies for $ 1.000They paid $400 in cash and agreed to pay the balance in 30 days. The journal entry to

Radio Moscow Industries purchased supplies for $ 1.000They paid $400 in cash and agreed to pay the balance in 30 days. The journal entry to record this transaction would include debit to an asset account for $ 1,000, a credit to a liability account for $ 600. Which of the following would be the correct way to complete the recording of the transaction

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