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Received $8,000 on account from a customer. Date Accounts and Explanation Debit Credit Nov. 3 Paid $5,000 for a one year insurance policy Date Accounts

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Received $8,000 on account from a customer. Date Accounts and Explanation Debit Credit Nov. 3 Paid $5,000 for a one year insurance policy Date Accounts and explanation Debit Credit Nov. 4 Purchased $8,000 of equipment on account. Date Accounts and explanation Credit Nov.s

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