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The entry to record the purchase of computers for $5,000, paying $2,500 in cash and the remaining balance on account would be: Select one: a.
The entry to record the purchase of computers for $5,000, paying $2,500 in cash and the remaining balance on account would be:
Select one:
a. Computers Expense is debited by 5000 & Cash and Account Payable are credited by 2500 for each account
b. Computers is debited by 5000 & Cash and Account Payable are credited by 2500 for each account
c. Cash and Account Payable are debited by 2500 for each account & Computers is credited by 5000
d. Computers is debited by 2500 & Cash and Account Payable are credited by 5000 for each account
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