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Scullin, Inc., acquired land costing $25,000. Beta, Inc., paid $10,000 in cash and issued a short-term note for the balance. The effect of this transaction

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Scullin, Inc., acquired land costing $25,000. Beta, Inc., paid $10,000 in cash and issued a short-term note for the balance. The effect of this transaction on Scullin, Inc., would be to A) increase the land account by $25,000, decrease the cash account by $10,000, and decrease the balance in the notes payable account by $15,000. B) increase the land account by $25,000, decrease the cash account by $10,000, and decrease the balance in the notes receivable account by $15,000. C) increase the land account by $25,000, decrease the cash account by $10,000, and increase the balance in the notes receivable account by $15,000. D) increase the land account by $10,000 and decrease the cash account by $10,000. E) increase the land account by $25,000, decrease the cash account by $10,000, and increase the balance in

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