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Record the following transaction in the appropriate T accounts, indicating the type of each account that you use ( i . e . asset, liability,
Record the following transaction in the appropriate T accounts, indicating the type of each
account that you use ie asset, liability, etc. Each transaction should be identified by its
number.
Sell goods for on credit
Receive a cash payment of from the credit customer
Buy a car for in cash
Pay wages for
Open a bank loan for receive the proceeds in cash
Purchase inventory for on credit
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