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Slug, Inc. purchases equipment for $1.200,000 million paying $180,000 in cash and issuing $1,020,000 in promissory notes. When the journal entry is posted to the

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Slug, Inc. purchases equipment for $1.200,000 million paying $180,000 in cash and issuing $1,020,000 in promissory notes. When the journal entry is posted to the related accounts: Multiple Choice 0 $1,200,000 will be credited and $180,000 will be debited to asset accounts: $1,020,000 will be debited to liability accounts. O 0 $1,200,000 will be debited to asset accounts: $1,020,000 will be credited to liability accounts, O () $1,200,000 will be debited and $180,000 will be credited to asset accounts: $1,020,000 will be credited to liability accounts. O () $1200,000 will be credited to asset accounts: $1200,000 will be debited to liability accounts

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