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Suppose the McDonalds Corporation imports 100 tons of Canadian beef, paying for it by transfering the funds to a new York bank account kept by

Suppose the McDonalds Corporation imports 100 tons of Canadian beef, paying for it by transfering the funds to a new York bank account kept by the Canadian Beef Conglomerate Payment by McDonalds will be recorded as a debit The deposit of the funds by the seller will be recorded as a debit Payment by McDonalds will be recorded as a crdit The deposit of the funds by the buyer will be credit

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